Red diesel prices have soared by at least 15% since before Christmas, adding considerably to farmers' costs. Delivered values averaged 61p/ litre in December, according to the Farmers Weekly/ NFU Inputs Price Monitor. That was 8p/litre more than November, but covered a massive variance, from 52.4p/litre to 79.95p/litre. "The wide range demonstrates how quickly prices rose," said Peter Garbutt, regulatory affairs adviser at the NFU. Traders blamed the cold weather and tight global supplies for the rise, but were split on where they thought future prices would go.
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