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Ballance Agri-Nutrients proposed closing its Mount Maunganui phosphate acidulation plant in New Zealand, with the loss of 62 jobs, and importing single superphosphate instead. The co-op will keep its Awarua plant running, pending a staff consultation process.
CEO Kelvin Wickham cited marginal economics and a shift toward more nutrient-dense products.
A local New Zealand superphosphate production cut has little direct effect on global phosphate prices, though it shifts regional supply toward imports. The impact on feed commodity prices is minimal.
farmersweekly.co.nzRichard RennieApr 17, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
