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On 1,000l of green diesel including VAT, the saving could be as high as €98.
Fuel prices have increased by over 30% compared with this time last year, which can be attributed to the recovery in crude oil prices, a national survey by the IFA has shown.
IFA farm business chair Rose Mary McDonagh highlighted that the spot price for a barrel of crude oil collapsed to $20 at the start of the pandemic, but it has steadily returned to pre-pandemic price levels this month of $65 to $70.
The IFA has suggested this rise in fuel prices demonstrates that farmers are caught in a cost-price squeeze.
\ Houston Green
Agricultural diesel is currently trading in the region of 25c/l more expensive than the same period in 2020, while the increase in carbon tax (around 2c/l) announced in the 2021 budget has now also come into effect. We estimate that the combined impact on modern silage contracting outfits will total an additional €864/day.
This increase in carbon tax, now in play since 1 May, has added an additional €7.50/t C02 which equates to around 2c/l of agricultural diesel.
Darling Ingredients Inc (DAR) Q1 2021 Earnings Call Transcript Motley Fool Transcribers © The Motley Fool Logo of jester cap with thought bubble.
Darling Ingredients Inc (NYSE: DAR)
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Operator
Good morning, and welcome to the Darling Ingredients Conference Call to discuss the company s first quarter 2021 results. [Operator Instructions] Today s call is being recorded.
I would now like to turn the call over to Mr. Jim Stark. Please go ahead.SPONSORED:
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Darling Ingredients Inc ilmoittaa vuoden 2021 ensimmäisen neljänneksen taloudellisen tuloksen
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