# Ballance welcomes resolution of cargo dispute  | Ballance

> 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.

- Date: 2018-01-16 · published 2018-01-16T12:00:00.000Z
- Category: logistics · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/67302-ballance-welcomes-resolution-of-cargo-dispute-ballance
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Resolution of the cargo dispute removes uncertainty for New Zealand phosphate supply, though the effect on global phosphate prices is limited.

## Read by commodity

- PHOSROCK: neutral

## Sources

- ballance.co.nz: https://ballance.co.nz/News/NewsPage/Ballance-welcomes-resolution-of-cargo-dispute

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.