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Added on the 23/01/2023 20:51:06 - Copyright : Euronews EN
The price hike fears are linked to a 30% worldwide increase since September in the price of wheat — one of the baguette's key ingredients — after bad harvests in Russia and Canada,
Russia's full-scale invasion of Ukraine a year ago has caused the prices of chemical fertilisers to soar, with serious consequences for the agricultural sector. The price of gas, essential for manufacturing the products, has also skyrocketed. The EU used to import nearly half of its chemical fertilisers from Russia, Belarus and Ukraine. As the Paris Agriculture Fair gets underway, French farmers are becoming increasingly concerned about their future, while others are taking measures into their own hands to find cleaner solutions. Our team reports.
The Spanish town of Benidorm has long been a place Europeans flocked to for the summer. Now it is a place for some to escape soaring energy costs.
Discussions will focus on capping gas prices, joint purchases, solidarity rules and common financing to tackle the energy crisis.
A proposal to impose an EU-wide price cap on gas imports will feature high during Friday's debate.
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