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ipl raises prices 15%

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    Fertiliser prices up by 13pc

    December 16, 2009
    INCITEC Pivot has increased its fertiliser prices by 13 per cent this week in the face of a sharp lift in world prices.

    The fertiliser giant has placed an advertisement in The Weekly Times this week to explain its actions after its pricing behaviour was criticised earlier this year by a Senate inquiry.

    "Coming out of that inquiry, we made a commitment to provide more clarity on pricing and improve communications with farmers," Incitec Pivot Fertilisers general manager Gary Brinkworth told The Weekly Times.

    He said the company was trying to manage its stocks to avoid sharp price hikes and allow prices to fall more quickly when world prices fell.

    http://www.weeklytimesnow.com.au/article/2009/12/16/142341_business-news.html
 
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