# Ballance to avoid South Africa

> Ballance Agri-Nutrients will avoid refuelling stops at South African ports after its chartered ship carrying Western Saharan phosphate was seized. The company says other suppliers can cover New Zealand demand, which is subdued until next spring. The release of the shipment is expected to be protracted, with a court hearing set for May 18.

- Date: 2017-05-07 · published 2017-05-07T12:00:00.000Z
- Category: geopolitics · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/71332-ballance-to-avoid-south-africa
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md)

## Why it matters

Because other suppliers are stepping in and demand is seasonally weak, the seizure is unlikely to move New Zealand phosphate supply or prices much.

## Read by commodity

- PHOSROCK: neutral

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/ballance-to-avoid-south-africa/

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