Major fertiliser company accused of 'ripping off' farmers
European fertiliser manufacturers have been accused of ripping off farmers by jacking up prices since the beginning of the season by IFA President, Joe Healy.
The IFA has singled out Yara, one of Europe’s fertiliser leading manufacturer, staging a protest outside is depot in Cork yesteray.
Speaking at a protest at the Yara depot in Ringaskiddy in Cork, Joe Healy said, “Yara has hit farmers with seven price increases since last June".
"Wholesale EU CAN prices have risen by a massive 48%, with Ammonium Nitrate prices up by 34%”.
He said this level of price increase is unjustified. It clearly demonstrates that increased concentration of the industry and anti-dumping duties and customs tariffs have resulted in a lack of real competition in the EU fertiliser market.
Healy said, the continuing rise in input costs coupled with falling commodity prices is eroding family farm incomes.
"This cost price squeeze is hammering farmers and damaging the competitiveness of Irish and EU agriculture. Fertiliser is the second largest expenditure item on Irish farms.
"Following the introduction of anti-dumping duties in 1994, Irish and EU fertiliser prices have increased at almost double the rate compared to other inputs”.