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


Ballance drops prices to make farm budgets stretch

22 July 2013

Ballance drops prices to make farm fertiliser budgets stretch

With just six weeks until spring Ballance Agri-Nutrients has reduced the price on the majority of fertiliser nutrients.

This current round of price reductions follows the lead Ballance made to drop domestic prices in June, with Ballance Chief Executive Larry Bilodeau saying lower prices will help farmers plan ahead with confidence.

Among the reductions is a $75 drop in urea prices to $640 a tonne, coming on top of a $30 reduction last month.  Diammonium phosphate (DAP) is dropping by $70 a tonne to $850 and superphosphate is reducing $13 a tonne to $335. 

From Tuesday 23 July 2013 new prices will apply. A full price list will be available from

Mr Bilodeau said that with global markets for fertiliser stabilising, Ballance has been able to pass on purchasing benefits to customers prior to the co-operative’s next quarterly review on 1 September.

“We always keep prices under review to ensure they reflect the international market.  We aim to supply the best quality nutrients at the lowest possible price. As a co-op, we are also able to pass on additional benefits to shareholders through our rebate based on fertiliser purchases during the year.”

Mr Bilodeau said the co-operative expects to announce an excellent year end result for shareholders next week, and being able to lower nutrient prices in time for start of spring season was an added bonus.

“Although volatility is here to stay, all the signs point to international fertiliser prices holding at lower levels in the medium term. There is new production capacity coming on stream, ruling out likely supply shortfalls,’ he said.

“We are seeing a return of confidence in the farming sector with good opportunities in Asia, a good dairy payout forecast and positive demand.  Farmers will want to make the most of the opportunities following the drought’s impact on earnings.

“It’s the time of year when farmers are planning their fertiliser applications to lift production.  We’ve got our team out in the field ready to help plan applications to boost feed supply and to get crops off to a strong spring start.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Energy Resources Aotearoa: Doubling Of Coal Use Shows Need For Local Natural Gas

New figures showing a near doubling of coal-fired electricity generation highlight New Zealand’s energy shortage and the need for natural gas as a lower carbon alternative, according to Energy Resources Aotearoa... More>>

E Tu: ‘Sense Of Mourning’ As Norske Skog Mill Set To Close

Workers at Norske Skog’s Tasman Mill now know they’ll be losing their jobs in little over a month’s time.
On Wednesday afternoon, workers were told the mill will be stopping production from the end of June... More>>

Stats NZ: Card Spending Sees Strong Growth In May

Seasonally adjusted card spending rose by $189 million (2.3 percent) between April 2021 and May 2021, Stats NZ said today.
Spending rose across all industries for the first time since New Zealand moved to level 1 in June 2020... More>>

Auction: 1.4 Million In Rare Vintage Watches, Gems, Jewels & Diamonds Go Under The Hammer At Webb’s

An auction event showcasing over 1.4 Million dollars in rare jewels, gems, diamonds and vintage watches is due to take place this Sunday by Auckland based auction house Webb’s... More>>

Catalist: NZ’s New SME Stock Exchange, Gets Licence To Go Public

New Zealand has a new stock exchange – designed specifically for small and medium-sized businesses (SMEs) to raise up to $20 million a year from the public.
Called Catalist, the exchange has already been successfully working the private investment sector.... More>>

E-Commerce: Over 40% Of Those Engaged In The Bitcoin Community Are Millennials

Bitcoin has emerged to be a popular topic among millennials with digital currency increasingly being viewed as a potential source of creating wealth through investments. The interest in bitcoin by millennials signals the role this age group plays in the possible realization of the digital currency’s mass adoption... More>>