Farmer-owned co-operative Ravensdown said it had cut its
fertiliser prices thanks to softer demand globally and
Ravensdown said it would charge $610 a tonne for urea, down
$31 per tonne from last week, and down $189 from this time
"The global trends still point to a softening of prices on
urea products, although in the last few days we have seen a
small lift in world prices," chief executive Greg Campbell
said in a statement.
Superphosphate is down $10 per tonne to $324 per tonne and
ammonium sulphate is $550 per tonne a fall of $49.
Campbell said the investment by Saudi Arabi in its urea
production facilities had been "immense".
"This capacity is coming on stream at a time when the demand
from developing countries such as India remains soft," he
said. Campbell said lower prices will add confidence to the