IFA Survey Shows It Pays to Shop Around
IFA Farm Business and Inputs Chairperson Rose Mary McDonagh has highlighted the variations in fertiliser prices across the country in the month of January, following a recent survey completed by the IFA which is available here.
“Fertiliser prices will differ slightly from region to region, there are still savings to be made from shopping around.”
IFA has completed a survey on the prices of several fertilisers in each county.
There is a significant variation in fertiliser prices across the country ranging from €10/t to €30/t.
The keenest quotes are for volume orders and or near cash deals. In many cases, bulk purchase and self-collection reduce prices by €10 to 20/t. However, some merchants are offering extended credit terms in order to secure good business. Buyer groups in many instances are securing discounts on the above quotes.
Rose Mary McDonagh added that since the beginning of February there’s been aggressive price hikes with increases of €30/t common across most fertilisers despite strong supply.
Wholesale prices have increased because of difficulties sourcing raw materials and the impact of COVID-19 on supply chains.