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.
