Producers of fertilizers have debunked claims of increasing the prices of fertilizers.
According to them, the current spike in prices is a reflection of the international market since most of the fertilizers are imported and are not on government’s subsidy programme.
West Africa Director for Yara International, Danquah Addo-Yobo told Joy Business “our commitment to the nation is important so we have continued to supply the product under the subsidy programme as intended. But the programme has contracts and specified quantities that you can supply. This means that not all fertilizers are subsidized”.
“So, beyond that, the industry also has the opportunity to sell above the subsidy programme and that’s where the challenges with international prices come to play. The prices of fertilizers on the local market are not necessarily high but a reflection of the international market,” he stated
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