Fuel Prices Hikes ‘Could Hit Farm Growth’

IFA president John Bryan said that rapidly escalating fuel and energy costs threaten sustained agricultural growth, job creation and Ireland’s prospects for recovery given our over reliance on imported energy, export dependence and distance from market.

IFA president John Bryan said that rapidly escalating fuel and energy costs threaten sustained agricultural growth, job creation and Ireland’s prospects for recovery given our over reliance on imported energy, export dependence and distance from market.

The Government and EU must take action to ensure that energy prices become more competitive and that speculative investment in oil products is contained.

Mr Bryan said: “Road fuel prices have increased by almost 4 per cent and agricultural diesel prices by 2.5 per cent since the start of the year, just 25 days ago. In the last two years, agricultural diesel has gone up by a massive 54 per cent, while road diesel has increased by almost 35 per cent. Ireland’s competitiveness is being increasingly eroded because of our over reliance on expensive road haulage and our distance from our main markets.”

See page 5 section 2 for more farming news with the Tipperary Star