asked the Minister for Industry and Commerce if he is aware that a big increase in the price of fertilisers is expected; the steps, if any, he has taken to ensure that the increase is justified; and whether a subsidy will be introduced to reduce the cost of fertilisers.
Ceisteanna—Questions. Oral Answers. - Fertiliser Prices.
10.
Under existing arrangements, fertiliser manufacturers are required to give me 14 days' notice of any price change to compensate for increases in costs other than the cost of materials used. They are also required to advise me of any price changes when they occur. I have not received notice of any expected price increase in accordance with these arrangements.
I am aware, however, that there have been increases in material costs and in other costs, and any notifications received by me will be referred to the National Prices Commission for examination.
The question of any subsidy for fertilisers would be a matter primarily for the Minister for Agriculture and Fisheries.
It is well known in farming communities that there will be a substantial increase in the price of fertilisers. If this increase comes about, will the Minister ensure that it will be fully investigated so that too high a price will not be charged?
I can certainly give that assurance.
Will he also ensure that any firms holding stocks at present—I know of some firms who have very large stocks—will sell them at present prices and not at increased prices?
The Deputy asks me to ensure that but I can only say that I will do my utmost to ensure it. At times of rapidly rising prices where stocks, be they grain or fertiliser stocks, are held in many places, it is difficult to guarantee this. I will use all the powers I have to guarantee it. If the Deputy or any other Deputy knows of firms who are hoarding stocks, I would be very pleased to know of individual cases so that they might be investigated.
I will communicate with the Minister.
What power has the Minister to ensure that stocks are sold at a market price which relates to the invoice price? What machinery has he to ensure that this practice is carried out?
That is a separate question.
It is impossible for me to give a precise answer to this question. I will have an answer set out in detail if the Deputy would like me to do so.