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Fertiliser company Ravensdown will trial a 5,000-tonne shipment of phosphate rock from Queensland's Ardmore Mine to its New Zealand superphosphate plants. The move aims to reduce reliance on Moroccan rock amid supply chain risks and rising costs.
Diversifying phosphate sourcing signals ongoing concern about supply disruption and cost. The trial is small in volume, so its direct price effect is limited.
businessdesk.co.nzNov 20, 2022Not 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.
