Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Ballance drops fert prices again

Ballance drops fert prices again

Ballance has again reduced prices on most major plant nutrients, passing on purchasing savings to benefit shareholders and customers.

The changes take effect today, 30 May 2014.

General Manager Sales Andrew Reid said that high global inventory levels of urea, particularly in China, and increased international manufacturing capacity of DAP have contributed to lower pricing for both of these products with urea dropping from $645 to $605 and DAP from $850 to $775.

International pricing for phosphate rock has also softened, resulting in a reduction in superten from $327 to $315.

Most trace elements have reduced due to cost prices falling however Boron and Magnesium Sulphate prices have increased.

Mr Reid said the co-operative would continue to monitor international market trends and ensure these are reflected in domestic fertiliser pricing through quarterly price reviews.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Myrtle Rust: Infections Found At 26 Sites

The affected properties include private gardens, plant nurseries and retailers and an orchard. The stats stand at: 21 properties in Taranaki, 3 in Northland and 2 in Waikato. More>>

Burgers To America: BurgerFuel Opens In The USA

BurgerFuel Worldwide are excited to announce the opening of their first USA based restaurant in Indianapolis, hot off the back of the Indy 500. More>>

English On Budget: Businesses Over-Egg Corporate Tax Cuts

Cutting New Zealand's 28 percent corporate tax rate is "not a panacea in the way business groups sometimes market it," says Prime Minister Bill English. More>>

ALSO:

Auckland Port To Recapture Gas: Union Calls On Ports To Stop Spewing Methyl Bromide

The Maritime Union of New Zealand welcomes the decision by Ports of Auckland to stop releasing methyl bromide emissions into the air. The move to fully recapture the toxic gas after fumigation sets a new benchmark for industry best practice. More>>

ALSO:

Retail: Banks Shoes Calls In Receiver

Banks Group, which runs 14 stores across the country under the brands including Banks Shoes and Shoe Connection, has been tipped into receivership at the request of director John Bank. More>>

ALSO: