24 Jul 2013

Fertiliser prices fall again

9:17 am on 24 July 2013

Fertiliser prices have come down again, with the two big fertiliser co-operatives, Ravensdown and Ballance Agri-Nutrients announcing further reductions on a range of products this week.

The reductions follow price cuts last month.

Ravensdown has dropped the price of urea nitrogen fertiliser by $55 to $660 a tonne.

That's on top of a $30 a tonne reduction last month.

Ravensdown says its urea is now $139 a tonne cheaper than it was in December.

Ballance has lowered its urea price by $75 to $640 a tonne.

It's reduced di-ammonium phosphate or DAP by $70 to $850 a tonne and superphosphate by $13.

Ravensdown's DAP fertiliser price has come down by $55 a tonne, to $865.

Chief executive Greg Campbell says the price reductions are possible because of a stronger currency position, increased global fertiliser production capacity and a softening demand for nutrients.