Teagasc has forecast that fertiliser prices will be 35% lower in 2024 compared to 2023.
ADVERTISEMENT
Teagasc has forecast that fertiliser prices will be 35% lower in 2024 compared to 2023.
The price of nitrogen declined significantly over the course of this year. However, that decline happened later than the peak purchasing time for fertiliser, thus having more of an impact on 2024 incomes than this year’s, research officer with Teagasc Fiona Thorne explained.
There is also a very slight decrease in feed prices of 1% expected overall in 2024 compared to this year.
ADVERTISEMENT
“For the first half of 2024, there should be a decrease in feed prices compared to the same period in 2023. Looking forward to the second half of 2024 there should be an increase compared to the same period in 2023 but there is still a lot of production uncertainty surrounding that second half of 2024,” Thorne.
In addition to fertiliser and feed, Teagasc estimates that electricity costs will be down by 10%.
Register for free to read this story and our free stories.
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 has forecast that fertiliser prices will be 35% lower in 2024 compared to 2023.
The price of nitrogen declined significantly over the course of this year. However, that decline happened later than the peak purchasing time for fertiliser, thus having more of an impact on 2024 incomes than this year’s, research officer with Teagasc Fiona Thorne explained.
There is also a very slight decrease in feed prices of 1% expected overall in 2024 compared to this year.
“For the first half of 2024, there should be a decrease in feed prices compared to the same period in 2023. Looking forward to the second half of 2024 there should be an increase compared to the same period in 2023 but there is still a lot of production uncertainty surrounding that second half of 2024,” Thorne.
In addition to fertiliser and feed, Teagasc estimates that electricity costs will be down by 10%.
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