Fertiliser subsidy - no immediate impact on farmers
General Manager of Newport Fersan, John Allen, said farmers are not likely to feel the immediate impact of the increases in fertiliser prices despite the removal of the subsidy.
In January, the government implemented a $70 million subsidy to help cushion the effects of the fertiliser price increases on farmers.
However the duration of the subsidy expired on Monday.
Mr. Allen said the fertiliser manufacturer is currently in discussion with the government concerning a likely 30 percent increase in the cost of the product.
He said long term measures are to be put in place to deal with the impending hike in fertiliser prices.