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Leading fertiliser manufacturer Yara has signalled a further €20/t price increase for 27% CAN delivered to German ports.
This is the company’s second increase in its EU base price since the new fertiliser season started in June.
In August, Yara implemented a €5/t increase. Last week it withdrew its price list and signalled the latest increase, which will bring price to €194/t for October deliveries.
The increases are totally unjustified and demonstrate Yara’s market power as Europe’s leading nitrogen manufacturer, according to IFA inputs project team leader John Coughlan.
“These increases at the beginning of the new season demonstrate that the EU fertiliser market is dysfunctional,” he said.
“IFA, along with a number of other EU farming organisation, has submitted copious amounts of data showing that EU fertiliser prices are among the highest in the world due to a lack of real competition,” he said.
“It is imperative that the EU Commission suspends anti-dumping duties on the imports of ammonium nitrate from Russia and removes customs tariffs on the imports of non-EU fertilisers into the EU.”
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