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At National Fieldays, Ballance chief executive Mark Wynne said competition is intense among New Zealand fertilizer companies in phosphate products. Reactive phosphate rock from Algeria, recently launched by Bert Quin, is not a big seller, and the supply of RPR with suitable cadmium and solubility levels is getting harder to source.
Ballance expects a good sales year despite some weather disruption.
Limited access to suitable reactive phosphate rock and strong competition set the phosphate product mix in New Zealand. The effect on global phosphate prices is minimal.
farmersweekly.co.nzHugh StringlemanJun 18, 2018Not 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.
