The Department of Agriculture will monitor any impact the implementation the Carbon Border Adjustment Mechanism (CBAM) will have on Irish fertiliser prices, Minister for Agriculture Martin Heydon has said.
“We always monitor all policies and all impacts on input costs on farmers,” he told the Irish Farmers Journal in Japan this week.
“Input costs are a really key element of a farmer’s net margin and net profit in the end.
"We do keep a very close eye on that, but obviously we’ve brought in measures there around monitoring use of fertiliser and that’s really important in terms of meeting our targets.
"It was a key part of proposals we made previously, but obviously we’ll monitor any impact any such policies have," he added.
The EU measure is designed to discourage importers from buying goods with higher greenhouse gas emissions from outside of the EU by imposing a tax on these imports.
The Minister did not say whether or not his Department would carry out an economic impact assessment into the effect of CBAM on Irish fertiliser prices.
Costs
The Irish Fertiliser Manufacturers and Blenders Association has said that the new tax could add between €25 to €30/t on to the cost of fertiliser in 2026, depending on the source of the fertiliser and the carbon prices in the emissions trading system.
Eamonn Farrell of the Irish Co-operative Organisation Society said that because the UK is pausing implementation until 2027, fertiliser prices will be “significantly” different on either side of the Irish border, posing a risk to businesses south of the border.
Read more
Import tax to hit fertiliser hard
CBAM to cause fertiliser price hike
Almost everything points to more fertiliser price hikes
The Department of Agriculture will monitor any impact the implementation the Carbon Border Adjustment Mechanism (CBAM) will have on Irish fertiliser prices, Minister for Agriculture Martin Heydon has said.
“We always monitor all policies and all impacts on input costs on farmers,” he told the Irish Farmers Journal in Japan this week.
“Input costs are a really key element of a farmer’s net margin and net profit in the end.
"We do keep a very close eye on that, but obviously we’ve brought in measures there around monitoring use of fertiliser and that’s really important in terms of meeting our targets.
"It was a key part of proposals we made previously, but obviously we’ll monitor any impact any such policies have," he added.
The EU measure is designed to discourage importers from buying goods with higher greenhouse gas emissions from outside of the EU by imposing a tax on these imports.
The Minister did not say whether or not his Department would carry out an economic impact assessment into the effect of CBAM on Irish fertiliser prices.
Costs
The Irish Fertiliser Manufacturers and Blenders Association has said that the new tax could add between €25 to €30/t on to the cost of fertiliser in 2026, depending on the source of the fertiliser and the carbon prices in the emissions trading system.
Eamonn Farrell of the Irish Co-operative Organisation Society said that because the UK is pausing implementation until 2027, fertiliser prices will be “significantly” different on either side of the Irish border, posing a risk to businesses south of the border.
Read more
Import tax to hit fertiliser hard
CBAM to cause fertiliser price hike
Almost everything points to more fertiliser price hikes
SHARING OPTIONS