"ASX ANNOUNCEMENT – 25 August 2008 ACCC Report on Fertiliser Prices Incitec Pivot Limited (ASX: IPL) noted today that the Australian Competition & Consumer Commission (ACCC) had released its report on its examination of fertiliser prices. The ACCC concluded that the significant rises in fertiliser prices in Australia are mainly attributable to rapidly increasing global fertiliser prices. It found that these increases have been caused by a substantial increase in world demand for fertilisers associated with an expansion in agricultural production (particularly grains for food, feed for livestock and bio-fuels) and by rises in costs of production associated with the increasing cost of energy. In its report, the ACCC concluded that it had not been provided with any evidence suggesting a likely breach of the Trade Practices Act by any participant in the Australian fertiliser industry. • A Media Statement issued by IPL in response to the ACCC’s report can be found in the News Room section of IPL’s website, www.incitecpivot.com.au. Kerry Gleeson Company Secretary Investor contact: Media contact: Simon Atkinson Stewart Murrihy Telephone: 03 8695 4555 Telephone: 03 8695 4582 Mobile: 0405 513 768 Mobile: 0418 121 064
SOI Price at posting:
$1.75 Sentiment: None Disclosure: Held
