AGRICULTURAL NEWS - The CompTrib recently rejected the Competition Commission’s (CompCom) finding that the ammonia storage sharing and trading agreement between AECI, Foskor, Omnia Fertilizers and Sasol SA could potentially and substantially prevent or lessen competition in SA’s ammonia market.
CompTrib spokesperson Chantelle Benjamin said that the CompCom’s concerns emerged from its July 2012 discovery that the four chemicals companies were equal partners in an ammonia storage facility (ASF) at Richard’s Bay harbour in KwaZulu-Natal.
Adding to these concerns was that these companies had agreed on a formula to determine the price at which they would sell ammonia to each other at the ASF should two of the companies be unable to agree on a price on a bilateral basis.
Ammonia is a common ingredient in agricultural fertiliser products.
