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Ballance Agri-Nutrients welcomed the release of a phosphate rock cargo held in Port Elizabeth, South Africa, ending a legal dispute over ownership. The co-operative said it has no interest in the cargo and expects any financial impact to be small.
The cargo will be recovered by OCP's Phosboucraa subsidiary.
Resolution of the cargo dispute removes uncertainty for New Zealand phosphate supply, though the effect on global phosphate prices is limited.
ballance.co.nzJan 16, 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.
