Fertiliser stocks 'at an all-time low' as prices up
Published 14/09/2010 | 05:00
Fertiliser prices have jumped by more than 30pc in two months.
Last week, CAN sold at €300/t compared to €230/t at the start of the harvest.
Despite the surge in prices, product has been extremely scarce across the country, with merchants reluctant to hold stock.
This is seen as a reaction to the huge price fluctuations experienced by the industry in 2008.
Only stock that was bought to order was traded over the past week.
Glanbia's John Carroll said that stocks were at an all-time low around the country.
"The markets have risen on the back of scarcity," he said.
He added there is much more resistance across Europe to the price rises than two years ago when costs trebled.