Manufacturers Stockpile Agrichemicals to Keep Post-Brexit Prices Down
22 November 2017 Manufacturers of crop protection products are stockpiling agrochemicals in warehouses in a bid to keep input costs down for farmers after Brexit, according to the chief executive of the Crop Protection Association, Sarah Mukherjee, and reported by Abi Kay on FGInsight.com.
The companies have chosen to take the extraordinary step because they fear trade with the EU will become increasingly difficult and expensive after Brexit.
Giving evidence to MPs on the Environment, Food and Rural Affairs (Efra) Select Committee, Ms Mukherjee explained how the manufacture of crop protection products can take place across several different countries, making them vulnerable to any newly-created customs costs between the EU and the UK.
“Given the complexity of the supply chain, there is a large possibility of increased prices”, she said.
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