War hits fertiliser prices, local supplies OK

With Russia, a major exporter of fertilizer, stopping its exports, global prices and supplies are suffering.


  Added 3 years ago

War hits fertiliser prices, local supplies OK

With Russia, a major exporter of fertilizer, stopping its exports, global prices and supplies are suffering.

But here in our patch, although prices will again rise, both Ballance and Ravensdown are confident that they are adequately stocked to meet demand for coming autumn and spring needs.

Fortunately, Balance doesn’t source from either country (or Ukraine). And Ravensdown has not sourced from these countries since last year.

Russian exports account for 46% of ammonium nitrate, 23% of ammonia, 15% of urea and 14% of MAP. And with ally Belarus, 40% of potash. According to a BBC report, these ingredients support about 25% of food production in Europe. Count NZ fortunate for now.

NZ farm analysts expect the knock-on effect of suppressed supply globally will affect our local fertiliser prices. In the last week alone, global urea prices have risen 20%.

All the more reason for HB farmers to move away from synthetic fertilisers.

 


Join the conversation

Be the first to leave a comment.

Leave a comment

All comments are reviewed before they are published on the website. Your email address will not be published.

Fill out my online form.
New Catchment Collective Drives Positive Change in Tararua
New Catchment Collective Drives Positive Change in Tararua
Added 11 hrs ago
Driving Regenerative Agriculture Forward - TUdi Launches Innovative Digital Tools for Soil Health
Driving Regenerative Agriculture Forward - TUdi Launches Innovative Digital Tools for Soil Health
Added 6 days ago
REXi Masterclass Mangarara 2025
REXi Masterclass Mangarara 2025
Added 7 days ago
NZ Agri-Tech Startup Halter Hits Unicorn Status, Eyes Global Expansion
NZ Agri-Tech Startup Halter Hits Unicorn Status, Eyes Global Expansion
Added a week ago
Join the Hawke’s Bay Future Farming Charitable Trust as a Trustee.
Join the Hawke’s Bay Future Farming Charitable Trust as a Trustee.
Added a week ago
NZ’s Organic Sector Tops $1 Billion as Industry Calls for Urgent Investment in Land and Policy Support
NZ’s Organic Sector Tops $1 Billion as Industry Calls for Urgent Investment in Land and Policy Support
Added 2 weeks ago