THE head of the nation’s competition watchdog says the ACCC is satisfied price spikes in Australian fertiliser last year were a reflection of prices rises in the international market.
Australian Competition and Consumer Commission (ACC) chairman Graeme Samuel told a Rural Press Club of Victoria breakfast in Melbourne on Friday increases in fertiliser prices in 2007 and 2008 were not caused by “increased concentration of the Australian fertiliser industry”.
Mr Samuel said the ACCC had given evidence on its investigations to a Senate committee inquiry into fertiliser prices – including confidential in camera evidence available only to the Senate committee - which was due to hand down its report on August 20.
And he says that evidence had sparked a “realisation” of just how extensive the ACCC’s investigations into fertiliser prices had been.
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