Brussels, May 22(IANS) The Council of the European Union (EU) announced on Friday a one-year suspension of customs duties on key nitrogen-based fertilisers such as urea and ammonia, aiming to alleviate the impact of the Iran war on EU farmers.The nearly complete closure of the Strait of Hormuz has disrupted about one-third of global fertiliser trade, driving up prices sharply. In April, the Food and Agriculture Organisation of the United Nations warned that a prolonged blockade could trigger an …
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