22 May 2009

Fertiliser prices lowered again

5:19 am on 22 May 2009

Another round of fertiliser price reductions is underway.

Ballance Agri-Nutrients has lowered its prices on a range of products for the third time this year, reflecting a continuing slide in international commodity prices for some fertilisers.

From next week, it will sell DAP, a combined nitrogen-phosphate fertiliser for $167 per tonne less, a reduction of 17%.

Ballance is taking $149 per tonne, 19%, off the price of sulphate of ammonia and cutting n-rich urea prices by 6% or $43.

The company estimates the price cuts will save farmers about $40 million per year. However, the reductions come at a cost to its bottom line as it writes down the value of stocks on hand.