No relief in sight from soaring fertiliser prices
Published 06/05/2015 | 02:30
Fertiliser prices are set to remain at close to record highs even though manufacturers' costs continue to decline.
And fertiliser industry representatives dismissed demands by farm leaders for formal enquiries into pricing levels.
"There is nothing there to come after - send in the competition authority but they have nothing to get," Fertiliser Europe's managing director, Jacob Hansen, told the farmers at an IFA conference in Laois last week.
"The fertiliser market price is set by supply and demand," he said, before emphasising the industry's support of free trade.
Over the last year, there has been a reduction in gas prices of at least 30pc, which is the main input in the manufacture of nitrogen products.
However, strong demand this year has allowed manufacturers to charge up to 10pc more for lines like CAN.
Despite fertiliser suppliers' insistence that everything was above board, European farmers are lobbying the EU Commission's competition office to instigate a formal enquiry into the sector.
They believe that the sector needs more price transparency.