Reacting to the news that Green Diesel will be reduced via both excise and NORA by five (5) cents per litre, the President of ICMSA, Denis Drennan, described the cut in price as “wholly inadequate” and the equivalent of “throwing a bun at a bear” in terms of addressing soaring farm inputs like fuel and fertiliser at the same time as dairy and beef prices were either below the costs-of-production or slumping fast.
Mr. Drennan said it was obvious that much more radical measures were required for primary food producers.
Mr. Drennan said that an investigation is needed into why ‘Green’ diesel had risen in price at a much faster pace than ordinary diesel.
“The relief available to farmers for the increase in carbon tax on farm diesel needs to be extended to agricultural contractors and the process badly needs to be simplified”, said Mr. Drennan.
