# Decision soon on fertiliser ship

> A South African court ordered a trial to settle ownership of a 55,000 tonne Western Sahara phosphate rock cargo on the NM Cherry Blossom, which has been detained in Port Elizabeth for weeks. Ballance must choose between offloading the rock or posting a NZ$7 million bond, with detention costs at $14,000 a day.

- Date: 2017-06-18 · published 2017-06-18T12:00:00.000Z
- Category: logistics · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70414-decision-soon-on-fertiliser-ship
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

The legal detention disrupts phosphate rock sourcing for New Zealand and adds logistics costs, though the impact on global prices is limited since Ballance has contingency supply plans.

## Read by commodity

- PHOSROCK: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/decision-soon-on-fertiliser-ship/

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