EU Commission need to do more than ‘monitor’ fertiliser supplies and prices, says ICMSA

ICMSA have called on the EU Commission to intervene at 'opportunism and price gouging' of fertiliser as the conflict in the Persian Gulf continues. 

The ICMSA said that the EU Commission’s position of ‘delay, wait and see’ in the hope of a sudden ceasefire was not tenable and a policy response was going to be required immediately. File picture

The EU Commission say it is “closely monitoring the impact on fertilisers” due to conflict in the Persian Gulf, and the ICMSA has called for more.

Irish Creamery Milk Suppliers Association (ICMSA) president, Denis Drennan, says the situation had already moved well past “monitoring” and that action was required as what he noted was the “rocketing” costs of fertiliser, “crossed going the other way,” past the falling prices farmers were receiving for their milk and beef.