Weekly fertiliser prices are being published to support the industry during the Middle East conflict.
Crisis in the Gulf has caused an energy price shock which is rippling through global markets and is driving uncertainty on its implications for the agriculture sector. Fertiliser is heavily impacted as gas makes up a significant cost in its production.
The the Agriculture and Horticulture Development Board is now reporting fertiliser prices on a more regular basis. It follows requests from farm minister Angela Eagle, as well as industry representatives.
Reliable information
AHDB chief economist Rohit Kaushish said: “We take great pride in providing independent, transparent and reliable market information to help levy payers make informed business decisions.”
“Given its importance to agricultural cost of production and the decisions being made by farmers in the months ahead, greater visibility on the fertiliser market is critical to support the ability of the sector to respond to the impacts of the conflict.
Farmgate prices
The AHDB already publishes regular farmgate prices, production volumes, international trade flows – as well as monthly fertiliser prices provided by merchants and grower groups.
Mr Kaushish said: “Weekly reporting serves to provide a more granular view on the market impacts which will support the responsiveness of both industry and policy makers to events as they develop.”
For more details and regular updates, visit www.ahdb.org.uk