17 Nov 2014

Fertiliser prices to drop - Ravensdown

2:45 pm on 17 November 2014

The fertiliser co-operative, Ravensdown, is reducing the prices farmers are paying for some key products, in response to changing conditions in the international fertiliser market.

Farmer holding nitrogen fertiliser

Ravensdown is set to reduce the price of nitrogen fertiliser by $23 per tonne. Photo: PHOTO NZ

Nitrogen fertiliser, urea, is to fall $23 a tonne, DAP and granulated ammonium sulphate drop $35 a tonne, and potash falls $55.

Ravensdown's chief executive officer, Greg Campbell, said there was a falling demand for ammonia-based products as Brazil's market remained depressed.

He said it was notoriously hard to predict where prices of those global commodities were going to go, but the co-operative tried to pass on any savings where it could.

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