Spain urges billions for EU farmers to ease fertiliser shock
Spain is advocating for significant financial support from the EU to assist farmers facing rising fertiliser costs due to the Iran war. The Spanish government has proposed a €500 million aid package while emphasizing that the European Commission's current plans are insufficient. Agriculture Minister Luis Planas warns that without immediate funding, crop losses may occur in 2026.
- ▪Spain is proposing a €500 million aid package to support farmers affected by rising fertiliser costs.
- ▪The European Commission's current plans do not adequately address the immediate financial needs of farmers.
- ▪Fertiliser prices have surged over 65% since the start of the Iran war, putting pressure on global agricultural production.
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Spain urges billions for EU farmers to ease fertiliser shockSign up now: Get ST's newsletters delivered to your inboxSpain is leading individual country efforts to ease the blow with a €500 million (S$743.4 million) aid package.PHOTO: REUTERSPublished May 29, 2026, 06:08 PMUpdated May 29, 2026, 06:08 PMThe European Union will need to provide farmers with several billion euros of funding to prevent crop cutbacks following a surge in fertiliser costs caused by the Iran war, Spain Agriculture Minister Luis Planas said.Spain is leading individual country efforts to ease the blow with a €500 million (S$743.4 million) aid package, while the European Commission’s current plans have yet to address funding needs, Mr Planas said in an interview.
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