COMMISSION MUST ACT AS FERTILISER MANUFACTURERS PUSH THROUGH UNJUSTIFIED PRICE INCREASES – McCARTHY

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COMMISSION MUST ACT AS FERTILISER MANUFACTURERS PUSH THROUGH UNJUSTIFIED PRICE INCREASES - McCARTHY
11 Sep 2015

COMMISSION MUST ACT AS FERTILISER MANUFACTURERS PUSH THROUGH UNJUSTIFIED PRICE INCREASES – McCARTHY

Brussels, Inputs

IFA National Inputs Project Team Leader James McCarthy said that the latest price increases pushed through for new season ammonium nitrate (AN) and calcium ammonium nitrate (CAN) fertiliser by a number of major European nitrogen manufacturers in recent days are unjustified and the EU Commission must take decisive action immediately.
Mr McCarthy said, “The EU Commission needs to take a firm stand against European fertiliser manufacturers as they continue to push through price increases for new season ammonium nitrate (AN) and calcium ammonium nitrate (CAN) fertiliser at a time when international urea, crude oil and energy prices continue to fall. It is clearly evident that major European nitrogen manufacturers are abusing their dominant position, given that they have hiked the premium for CAN significantly in recent months”.
“The Commission must take decisive action to restore the competitiveness of European agriculture by abolishing custom tariffs on imported fertilisers and instigating a sector enquiry into Europe’s fertiliser industry. Manufacturers have increased new season wholesale CAN prices by €12/t in recent weeks – a move that is totally unjustified.”

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