Greek farmers on tractors advise ‘unbearable’ fuel, fertilizer costs

Economic IndicatorsMar 19, 2022 06: 26AM ET

ATHENS (Reuters) – Hundreds of Greek farmers, some on tractors, protested in Athens on Friday, tense extra tax cuts and subsidies to strive in opposition to high fuel and fertilizer costs which bear soared since Russia’s invasion of Ukraine.

The farmers, who staged weeks of protests over high vitality costs earlier this yr, enlighten their costs are so high they’ll be pressured to present much less and also elevate costs for patrons.

The authorities has up to now spent about 3.7 billion euros ($4.08 billion) since September to alleviate bother from hovering vitality and fuel costs for farmers, households and companies.

It minimize a sales tax on fertilisers by 46% to 13% and on Thursday announced it could be diminished additional, to 6%, and also announced a tax rebate on fuel for agricultural vehicles.

Farmers enlighten the measures bear no longer drag a long way sufficient and every thing has became too expensive, from fuel to animal feed.

“Our survival is basically at stake this yr,” talked about one protester, Giorgos Laoutis. “With the worth of manufacturing, electricity, agricultural presents, fuel.”

Farmers from all over Greece joined the rally. Some protesters hung dark flags on shepherd’s crooks or sticks.

“The contrivance back has became unbearable,” talked about one more farmer, Diamanto Kritikou.

“We won’t work our fields, we can’t cultivate, we can’t keep fuel in our vehicles, and (we can’t rob) seeds, fertilizers… there’ll seemingly be a contrivance back with food provide in the nation,” she talked about.

Russia’s invasion of Ukraine has driven retail fuel and diesel costs to file highs.

Russia will most seemingly be a huge producer of potash-, phosphate- and nitrogen-containing fertilisers, and a frontrunner in fertilizer exports, accounting for 13% of world output.

This month, its change and industry ministry told the nation’s fertilizer producers to temporarily cease exports.

Due to the struggle in Ukraine, the United Nations food agency talked about final week that worldwide food and feed costs can also upward thrust by as a lot as 20%.

($1 = 0.9062 euros)

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