7 Dec 2012

Urea price reduced by Ravensdown

12:53 pm on 7 December 2012

Ravensdown Fertiliser company says falling international prices for Urea, a nitrogen fertiliser, have allowed it to lower the cost to farmers.

Ravensdown has reduced the price of urea from $799 to $745 per tonne.

General sales manager Ross Aimer said increased capacity from large new urea plants in Saudi Arabia as well as improved access to large gas reserves in the United States, have contributed to lower global prices.

In contrast, he said the cost of phosphate rock has increased, but the company has been able to hold the price of the main fertiliser product, superphosphate, by managing its blends.