Ravensdown has dropped the price on some important fertiliser products.
Urea is droping by $55 per tonne to $660/t which is on top of a $30 per tonne reduction in June.
It is now $139/t cheaper than it was in December.
High analysis fertiliser DAP also comes down $55 per tonne to $865/t.
These reductions have been aided a number of factors including the stronger NZ dollar, increased global fertiliser production capacity globally and softening demand for nutrients.
"The dynamics are changing in the international production of urea with cheap gas reserves increasing production and investment in capacity," said spokesman Greg Campbell.
"On the flip side, deteriorating economic factors in some markets have lowered demand for fertiliser. For example, China’s growth is slowing and the Indian rupee is devaluing with farming subsidies there also being reduced."
"Our supplier relationships are excellent and our shipments for the spring programme are contracted in with a number of ships already on the way," said Campbell.
These price changes are effective from midnight on Sunday 21 July 2013.
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