Teagasc's annual review and outlook forecasts a 16% rise in average fertiliser prices in 2019 compared with those observed this year.
"This is based on discussions with the trade," said Teagasc economist Fiona Thorne at the presentation of the forecast this week.
Drop
ADVERTISEMENT
Depending on the sector, she added that fertiliser usage was expected to drop by 5% to 10% next year, resulting in different impacts from farm to farm.
"Limited grass supplies led to an increase in grassland fertiliser sales volumes in 2018, but volume should drop back in 2019," the outlook report states.
Irish farmers bought 11% more nitrogen fertiliser this year than in 2017. Sales increased by 12% for phosphorus and potassium.
If confirmed, next year's price hike would add to the 5% rise already observed in 2018 compared with last year's average prices, Teagasc added.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Teagasc's annual review and outlook forecasts a 16% rise in average fertiliser prices in 2019 compared with those observed this year.
"This is based on discussions with the trade," said Teagasc economist Fiona Thorne at the presentation of the forecast this week.
Drop
Depending on the sector, she added that fertiliser usage was expected to drop by 5% to 10% next year, resulting in different impacts from farm to farm.
"Limited grass supplies led to an increase in grassland fertiliser sales volumes in 2018, but volume should drop back in 2019," the outlook report states.
Irish farmers bought 11% more nitrogen fertiliser this year than in 2017. Sales increased by 12% for phosphorus and potassium.
If confirmed, next year's price hike would add to the 5% rise already observed in 2018 compared with last year's average prices, Teagasc added.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS