For the primary time for the reason that fertiliser disaster started again in early 2022, Calcium Ammonium Nitrate (CAN) has dropped to €490/t.
Different fertilisers have adopted go well with, and costs are at their lowest for the reason that struggle in Ukraine started. Agri-merchants in Laois have given a worth of €590/t for urea and 18-6-12 has are available in at €640/t.
Based on Agriland sources, these costs are to ‘be taken with a pinch of salt’ as they’re predicted to fall once more in coming days.
Trade sources say many of the older, costlier inventory that had been imported into Eire in direction of the top of 2022 has now been bought, which has allowed for the latest service provider worth drop.
Others imagine that it’s ‘too little too late’, as nearly all of farmers have already purchased their fertiliser for the approaching 12 months at the next worth.
On the finish of final month, Fianna Fáil TD Jackie Cahill, stated: “The value of fertiliser, and particularly the distinction in costs throughout the nation, is an actual concern for farmers.
“Based on the CSO [Central Statistics Office], Irish farmers paid greater than 140% extra for fertiliser final 12 months in comparison with 2021.
“A lot of the worth rises throughout Europe lately have been pushed by the rise in fuel costs and the struggle in Ukraine,” the Tipperary deouty stated.
Farmers have been seeing a €100/t differential in fertiliser costs in the identical county on the finish of April between a smaller-scale service provider and a co-op, a farm organisation has warned.
The Irish Cattle and Sheep Farmers’ Affiliation (ICSA) had additionally warned that one key issue which continued to dominate worth differentials in relation to fertiliser is location.
“The less expensive fertiliser in Northern Eire has been a key think about driving vital worth variations between border counties and southern counties.
Within the UK final 12 months, costs of some fertilisers hit greater than £1,000/t, however have since lowered to about £450/t.
At the moment (Could 10), costs within the Isle of Man dropped to the bottom for the reason that struggle in Ukraine started, with ammonium nitrate being quoted at £398/t.