Agri-Business
Retail food prices are set to strengthen considerably over the coming months. However, this may not translate into better farm gate prices.
N.Ireland
According to Farmers for Action (FFA), agriculture in Northern Ireland is 15% finically worse off than a year ago.
A senior Andersons Centre senior researcher is confirming that the recent strengthening of fertiliser prices could boost world grain markets.
Food prices are estimated to have risen by more than 4% since last year according to the latest data released by the CSO.
According to Ulster Bank’s head of agriculture in Northern Ireland Cormac McKervey, farm margins are now under a degree of pressure.
The Andersons Centre has confirmed that a 'cost-of-farming' squeeze is now a reality within the UK market.
The latest assessments from the Andersons Centre show that ‘Agflation’ now stands at 25.3%, with no weakening of this figure in the pipeline.
