Ravensdown has followed Ballance Agri-Nutrients in lifting the prices on some of its fertiliser products.
Cropmaster DAP is up $120 from $1149 to $1269/tonne, urea has been raised $25 from $799 to $824/t, superphosphate is up $21from $429 to $450/t and granular ammonium sulphate is increased $24 from $499 to $523/t.
Ravensdown head of sales Gary Bowick said that while fertiliser remains more affordable than it was during the global price peaks of 2022, international demand and supply dynamics continue to drive upward trends in the nitrogen, processed phosphates and sulphur markets.
In the co-operative’s Spring Outlook publication, chief operating officer Mike Whitty said China’s non-participation in the urea export market coupled with increased seasonal demand has led to an upward movement in nitrogen prices.
He expects prices to firm before tapering off post season as northern hemisphere and Brazil enter the market toward the fourth quarter.
“Overall the market appears to be balanced, suggesting current elevated international prices will be reflected over the New Zealand spring season.”
Balance Agri-Nutrients lifted its prices on September 3, citing global volatility and unpredictable market conditions.
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