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Farmers Rewarded With Lowest Prices since 1999

Farmers Rewarded With Lowest Prices since 1999

Ballance Agri-Nutrients announced today, across the board fertiliser price decreases effective from December 1.

“Ballance is pleased to deliver savings to farmers at a time when they are under increasing financial pressure,” says Larry Bilodeau, Chief Executive Ballance Agri-Nutrients.

“These reductions effectively reduce the cost of fertiliser for farmers to levels not experienced since 1999.

“Farmers will save a total of approximately $20 million over the coming year through Ballance’s price decreases. Because fertiliser is such a significant farm input, these savings will make a major contribution to farm profitability.

“The strengthening of the New Zealand dollar has been a key contributor to our ability to lower fertiliser prices for farmers along with our strong overseas network which benefits from our association with the world’s largest fertiliser manufacturer, Norsk Hydro. This is partially offset by the worldwide pressure on shipping and associated freight price increases for raw materials.

“International urea prices have moved up significantly in recent months, and for this reason the price decrease is less than for other products”.

Key price reductions are:

Ballance Fertiliser Price Reduction for Farmers Farmer Saves (Per Tonne) Potash (Muriate of Potash) - $34.00 9.2% Super 10 - $14.00 7.7% Di-ammonium Phosphate (DAP) - $21.00 4.4% Urea - $7.00 1.8%

“We will deliver these price decreases while guaranteeing product quality will not be reduced,” he says.

“Many farmers also enjoy cost reductions on their fertiliser by purchasing through agricultural merchants such as Farmlands, who sell Ballance product at trade price with no markup.

“Ballance Agri-Nutrients continually strives to achieve good prices and the best quality fertiliser for farmers.”

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