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


Media: NZME 'In Discussions' To Buy Stuff

NZME confirms that it is in discussions with Stuff’s owners Nine and has put a proposal to the Government regarding a possible transaction. However, NZME notes that these discussions are preliminary... More>>

Consultation: Plan Of Action To Protect Seabirds

The draft National Plan of Action plan outlines the Government’s commitment to reducing fishing-related captures of seabirds, with clear goals and objectives, supported by an implementation plan. More>>


Housing Issues: Fairer Rules For Tenants And Landlords

The key changes include: - Limit rent increases to once every 12 months and banning the solicitation of rental bids by landlords. - Improve tenant’s security by removing a landlord’s right to use no cause terminations to end a periodic tenancy agreement... More>>


Reserve Bank: Official Cash Rate Unchanged At 1 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment remains around its maximum sustainable level while inflation remains below the 2 percent target mid-point but within our target range... More>>


Food Prices: Avocados At Lowest Price In Almost Three Years

Avocados are at their cheapest average price since February 2017, with tomato, lettuce, and cucumber prices also falling, Stats NZ said today. More>>