UK agchem prices predicted to rise
UK-based farm inputs purchasing co-operative Atlasfram (Woodbridge, Suffolk) has predicted price increases for crop protection products in the UK in 2010. It says that increased plantings of wheat and oilseed rape would lead to greater demand for agrochemicals this year. With very few active ingredients being produced in the UK, Altlasfram foresees price instability as they would reflect “currency rates and global market conditions”. With the UK pound not having strengthened against the euro to pre-2009 levels, prices of products manufactured in the EU would display an inflationary trend. That would be compounded by high economic growth in China pushing up domestic demand and prices of ais coming into the UK from the country.