Ravensdown has followed rival co-operative Ballance Agri-Nutrients in reducing prices on its superphosphate and urea products.
Urea is back $100 to $799, while the price of superphosphate has been dropped by $45 to $429.
“While international commodity prices remain relatively volatile and some prices appear to be firming, we understand the need to meet the market and offer competitive prices for our customers,” Ravensdown chief customer Officer Gary Bowick said.
Potash is down $176 to $799, DAP is back $40 to $1149, N-Protect is down $100 to $848, GAS has fallen $36 to $499, Serpentine Super is back $35 to $439 and Sulphur 90 has been reduced by $60 to $690.
In its latest Winter Market Outlook, chief operating officer Mike Whitty said there has not been any significant flow-on effect for fertiliser prices despite of the escalation of recent events in the Middle East.
“General opinion at the annual International Fertiliser Conference, which I attended in Singapore in May, supported our view that prices continue to be a ‘mixed bag’,” he said.
“The good news is that affordability internationally is looking relatively positive, particularly when compared to the previous high prices experienced in 2022.”
He said there was general consensus at the conference that nitrogen prices, while going through a recent softening, are now heading northwards.
“The expectation for DAP, on the other hand, is for continued softness in the short-term with Chinese supply (which will end in September) likely resulting in a rebound.
“Unfortunately, in this tight economic environment, there appears to be a level of uncertainty around the market for low carbon products and the economics around product developments. We’ll maintain a keen eye on what happens with urea and DAP over our winter months as we move into our procurement period.”
