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Farmers across Bulgaria protest against Ukrainian grain as EU divide grows

Farmers across Bulgaria protested Monday after the government lifted a ban on food products from Ukraine, complaining that the move will cause an influx that drives down prices for local growers.

Hundreds of farmers around the country converged in their tractors, many of them waving national flags and honking horns as they blockaded main roads and disrupted traffic to express their anger.

The protest follows a decision Thursday by Bulgarian lawmakers to allow imports from Ukraine to resume, saying the ban had deprived the government of tax revenue and led to higher food prices.

A day later, the European Union also decided not to renew the overall ban on Ukrainian food heading to five member countries. Poland, Hungary and Slovakia have since unilaterally imposed their own blockades, threatening European unity on support for Ukraine against Russia’s invasion.

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Replenish Nutrients: revolutionizing agriculture with regenerative fertilizers

Video: Replenish Nutrients: revolutionizing agriculture with regenerative fertilizers

Replenish Nutrients co-founder and CEO Neil Wiens speaks to Proactive's Stephen Gunnion about the company's focus on regenerative fertilizers.

Replenish Nutrients specializes in mineral-based fertilizers made from rock phosphate, elemental sulfur, potash, and organic matter. What sets its products apart is the incorporation of proprietary biology, ensuring active biological mineral nutrients are released at the right time and place. The company targets the commercial farming sector in Western Canada, covering a substantial 100 million acres.

Wiens highlighted the support received from the government of Alberta, emphasizing its commitment to low-impact, low-greenhouse gas products. Replenish Nutrients recently received an emissions reduction grant, showcasing its dedication to reducing carbon emissions in comparison to traditional chemical fertilizers.

The interview also touched upon the strong market conditions, with a robust fourth quarter attributed to favorable weather, strong volumes, and normalized fertilizer prices.

Wiens said investors can anticipate exciting partnerships and technological advancements from Replenish Nutrients, contributing to the company's expansion and increased cash flow.