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

 

Cheaper Fertiliser Gets Thumbs Up

26 November 2003
PR 237/03
Cheaper Fertiliser Gets Thumbs Up

Price cuts by two fertiliser companies are fantastic news and will help farmers cope with lower returns due to the soaring kiwi dollar, said Kevin Wooding, Chairman of Dairy Farmers of New Zealand.

Ravensdown and Ballance Agri-Nutrients have reportedly both dropped prices of many of their products due to lower costs of fertiliser ingredients on the back of a stronger kiwi against the greenback.

"It's great to see this happening and we would encourage other companies to follow this example," Mr Wooding said. "Manufacturers which benefit from a stronger currency should pass those benefits on to their customers."

DFNZ is an industry group within Federated Farmers of New Zealand (Inc), New Zealand's premier national rural lobby group with more than18,000 members.

"Fertiliser is a significant expense on many farms. Lower prices mean farmers can maintain their fertiliser levels, which will ultimately benefit the health and productivity of stock," Mr Wooding said. "The rising kiwi dollar has been hitting farmers where it hurts on the income side of the ledger. Thankfully, some of the pain has now been eased on the expenses side."

ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 




Energy: New Zealand Could Be World’s First Large-scale Producer Of Green Hydrogen

Contact Energy and Meridian Energy are seeking registrations of interest to develop the world’s largest green hydrogen plant. The plant has the potential to earn hundreds of millions in export revenue and help decarbonise economies both here and overseas... More>>


MBIE: 36th America’s Cup Post-event Reports Released

Post-event reporting on the 36th America’s Cup (AC36) has been released today. The reports cover the delivery of the event by Crown, Council and America’s Cup Event Limited, economic impacts for Auckland and New Zealand, and delivery of critical infrastructure... More>>

Fonterra: Farmer Feedback Set To Shape Revised Capital Structure Proposal

With the first phase of Fonterra’s capital structure consultation now complete, the Co-op is drawing up a revised proposal that aims to reflect farmers’ views. A number of changes are being considered to the preferred option initially put forward in the Consultation Booklet in May... More>>




Statistics: Household Saving Falls In The March 2021 Quarter

Saving by New Zealanders in the March 2021 quarter fell to its lowest level in two years after rising sharply in 2020, Stats NZ said today. Increases in household spending outpaced income growth, leading to a decline in household saving from the elevated levels that prevailed throughout 2020... More>>

ALSO: