Tillage profit warning over rising fertiliser prices

Costs of major elements such as phosphorus and potassium have already doubled, in the past few months

Recently quoted prices were in the order of €460 for CAN, €550 for 10.10.20, and €450 for Os.

Tillage farmers have been warned by Teagasc that profit margins could slump in 2022 due to increasing costs, including an “extraordinary” increase in fertiliser prices.

Michael Hennessy, Head of the Teagasc Crop Knowledge Transfer Department, said in a recent bulletin to growers: “Over the past six months, fertiliser prices have continued to increase at alarming rates. Expectations of a doubling in the cost of nitrogen are being widely talked about for next year.“