Prices on rise for Fertiliser
Costs up by 6-7pc with the south hit hardest
Fertiliser prices have risen by as much as 10pc in the last six weeks. The biggest rises were in the southern half of the country, where big bag compound fertiliser rose by as much as €40/t.
On average, prices are up by 6-7pc across the country for most grades of fertiliser, according to the latest fertiliser price survey from the IFA.
Compounds showed the strongest increases in price, especially regarding 18:6:12 and 10:10:20.
However, big bag granulated urea bucked the trend by showing a slight decrease in price in every region apart from Munster where it increased by an average of €12.50/t.
The increases will come as no surprise to either farmers or suppliers, who have been warning for some time about price increases (see table 1).
- 23-2.5-10: €420-435;
- CAN 26pc N + 4pc S: €320-330;
- CAN 24pc N + 6pc S: €330-338;
- ASN: €325-340;
- 14-7-14: €420-435;
- 0-7-30: €410-428;
- 0-10-20: ?395-423;
- 15-3-20: €390-425;
- 13-6-20: €390-425;
- 23-2.5-10: €420
The IFA's grain executive secretary, Fintan Conway, said that repeated attempts by the trade to increase fertiliser prices has been dampened by farmer resistance and a willingness to shop around.
"Many farmers moved early to purchase fertiliser, particularly nitrogen," said Mr Conway.