- Government is launching a sub-committee to assess fixed-cost payments for urea producers
- Changes could alter the payment framework and government subsidy allocations
- The current fixed-cost formula has been unchanged since 2002-03
The government is setting up a sub-committee to examine fixed-cost payments made to urea producers. The move comes as production costs rise.
The review could change the payment framework, which would directly affect government subsidy allocations. The current fixed-cost formula has stayed the same since financial year 2002-03.
Industry advocates have asked that the higher costs be taken into account in the coming reviews.
