Ravensdown likely to start passing on rising fertiliser costs

Ravensdown likely to start passing on rising fertiliser costs
Ravensdown chief executive Garry Diack. (Image: Supplied)
Riley Kennedy
Absorbing the rise in international fertiliser prices is not sustainable in the long term for Ravensdown, and farmers should expect to see increases passed through this growing season, its chief executive says.The Christchurch-headquartered farmer-owned fertiliser co-operative increased its volumes by 71,000 tonnes in the year to May to 962,000 tonnes with revenue at $764 million, up slightly from $756.8m.It took a $9m impairment after closing its manufacturing site in Dunedin, selling off five lime quarries as well as agritech subsidiary C-Dax...

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