Up, up, up for fert price

The price of superphosphate  is likely to increase to $700 a tonne according to Ballance Agrinutrients chair David Graham.

That would be a 218% increase in 18 months and a 49% rise since June.

A year ago, superphosphate was selling for about $220 a tonne, but Mr Graham said $700 a tonne was not unrealistic given soaring international prices.

Fertiliser is the biggest item on most farm budgets. The price is already putting a dent in the high dairy payout, it will be even worse for sheep and beef farmers even with the improved prices.

And those who think a drop in the value of the dollar is good for primary producers might want to consider the impact on the price of fertiliser.

 

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