The plan could be sharpened further, and in a worst-case scenario, the EU could invoke the internal market emergency and resilience act to enable direct market interventions, with decisions still pending.

Member states will be enabled to fully utilize all tools available within the Common Agricultural Policy (CAP) to respond to the disruption.

The ETS review will consider giving the fertilizer industry more flexibility, while discussions continue on removing EU duties on fertilizers from all non-Russian and non-Belarusian sources.

UK's foreign minister warns of a looming global food crisis tied to fertilizer and food price inflation, urging decisive action.

G7 finance ministers plan an action package to safeguard fertilizer supply and avert a food crisis, engaging FAO, the World Bank, and others amid Hormuz-linked disruption.

Farmers have stock buffers and near-term harvests are not in immediate danger, but prolonged disruption could affect sowing after summer and push a shift to less fertilizer-intensive crops or smaller cultivated areas.

There will be no CBAM exemption for fertilizer manufacturers, but possible CO2 pricing reliefs could indirectly ease pressure on fertilizer costs.

Farmers continue to demand relief and support in light of sanctions and market disruptions.

The Iran war is driving up fertilizer prices in Europe, prompting the EU to act to secure supplies and protect farmers, with an action plan aimed at stabilising supply, food security, competitiveness, and strategic autonomy.

Brussels intends to support farmers and boost EU fertilizer production, using the plan to stabilise prices and reduce dependence on volatile imports.

Details of the plan will be announced later, currently facing controversy over initial proposals.

If supply or affordable pricing cannot be guaranteed, farmers may alter crop choices or reduce cultivation incentives due to higher input costs.