Fertiliser prices on way down

29 Oct, 2008 01:25 PM
Comments
1
 

FERTILISER prices have dropped significantly over the past three months due to declining demand and the effect of the global credit crunch.

However, some of those gains from the lower prices have been offset by the Australian dollar’s rapid fall against the US dollar.

Summit Fertilizers marketing and sales executive manager Murray Brown said the market price of urea had dropped more than 62pc since August, while other fertiliser prices climbed during the same period.

Mr Brown said the cost of urea had fallen considerably over the past three months, while phosphate and potash had become more expensive for Australian farmers to buy.

He said the drop in urea was being cancelled out by the other products climbing at a similar rate and farmers generally didn’t use urea on its own and still needed to use all three types.

Ravensdown marketing and communications manager Ben Williams said the global credit crisis and the impact it was having on local fertiliser prices made it too difficult to “pick a target”.

“We’re unfortunately not in a position to comment on fertiliser prices or any anticipated future market shifts or trends,” he said.

“We could give you our prices one day but that would change by the time your paper was printed.”

Landmark WA agronomy and fertiliser manager Eddy Pol said the price of nitrogen had “come off” locally because no one was buying it internationally.

Mr Pol said there was limited fertiliser demand due to resistance to high prices and the lack of available credit.

Date: Newest first | Oldest first

READER COMMENTS

CAMMO
11/11/2008 8:50:03 PM

THEY CAN STICK THEIR FERT PRICES, I CAN SURVIVE ON WHEAT. WHO'S GONNA EAT THEIR FERTILISER ?

POST A COMMENT


Screen name *
Email address *
Remember me?
Comment *
 

COMMENTS

light grey arrow
I'm one of the people who want marijuana to be legalized, some city have been approved it but
light grey arrow
#blueysmegacarshowandcruise2019 10 years on Daniels Ute will be apart of another massive cause.
light grey arrow
Australia's live animal trade is nothing but a blood stained industry that suits those who