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HomeLOCAL NEWSFERTILIZER PRICES ARE SKY HIGH, ACCORDING TO THE PM

FERTILIZER PRICES ARE SKY HIGH, ACCORDING TO THE PM

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St Vincent and the Grenadines is feeling the economic impact that the Russia-Ukraine conflict is having on the availability and price of fertiliser.

Gonsalves speaking during his Face to Face radio programme on Wednesday 13th April, 2022, said that a memo from the Ministry of Agriculture will be taken to Cabinet concerning the next shipment of 4,500 sacks of fertiliser which St Vincent and the Grenadines might get in two installments due to it being delayed.

The prime minister said: “We having difficulties with fertiliser both getting and also the price. The subsidy on the fertiliser, on the shipment, might be as high as $384,000 dollars.”

Gonsalves says the price of fertiliser has gone sky-high because of what is happening in Ukraine, and notes even before that, the price was going up but has gotten worse.

He went on to say: “The Input Warehouse (Agricultural Input Warehouse) usually subsidizes up to about $20 per sack. We use the sugar profits to cross-subsidize but even the sugar is a problem because the price has gone up.

The last shipment with fertiliser is nearly at 5o dollars a sack… subsidy. The subsidy has to be more now, but the Input Warehouse cannot bear it so we have to get the Central Government because I want to keep things okay for the farmers.

Obviously, if this kind of price continues for the rest of the year… God, heavenly father.”

The prime minister says between now and the end of the year St Vincent and the Grenadines will probably have another three shipments.

“If its four shipments you have on an annual basis at the current prices you talking about 1.5 million dollars in subsidy.”

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