New Zealand’s two main fertiliser co-operatives, Ballance Agri-Nutrients and Ravensdown, have announced further reductions in the price of nitrogen-based fertiliser products.
Both companies have reduced urea by $100 a tonne.
Ballance Agri-nutrients general manager of sales JasonMinkhorst told shareholders: “We know you are facing cost challenges and margin squeezes in your business, and we are committed to doing all we can to help.”
It now has urea priced at $880/T, SustaiN and SuperN is at $929/T and $910/T respectively while DAP and MOP have each fallen by $300/T, to $1295 and $1250 respectively.
The falls in its other prices include: Nrich SOA will be decreasing by $172/T to $625/T, PhaSedN is down $100/T to $795/T, SOP is back $350/T to $1650/T and Sulphurgain 90S will be decreasing by $80/T to $930/T.
Ravensdown’s Gary Bowick told its farmer-shareholders that the price adjustment reflects changes in the international market.
“We understand the importance of business planning in this high-cost environment and aim to pass changes on as soon as possible,” he said.
Urea has fallen from $989-$889, N-Protect from $1038 to $938, granular potassium chloride from $1539 to $1230, Sulphate of Potash from $1965 to $1799, Cropmaster DAP from $1529 to $1299 and Granular Ammonium Sulphate from $812 to $685.
