Posts tagged "Ballance Agri-Nutrients"

Ballance Agri-Nutrients accused of ‘cynical ploy’ against phosphate fertiliser rival

[2 November/NZ Farmer] Ballance Agri-Nutrients is seeking a permanent high court injunction against Quin Environmentals claiming that the Reactive Phosphate Rock (RPR) that Quin advertises is not RPR. Dr Bert Quin, the MD of Quin Environmentals, said the move was a very cynical ploy to block competition in New Zealand. Dr Quin imports its phosphate...

Western Sahara refugees urge PM Jacinda Ardern to step in over phosphate trade

[12 September/Stuff] Refugees made a direct plea to the Prime Minister about the long running standoff in Western Sahara. Jacinda Ardern was one of the few Westerners to have visited their camps. Representatives of the refugees visiting Wellington are arguing for New Zealand fertiliser co-operatives to cease purchasing minerals from the region. Phosphate taken from...

Ballance boosts balance sheet

[30 July/Farmers Weekly] Ballance Agri-Nutrients will keep a portion of its earnings to boost its balance sheet following three years of rebate payments that pushed it to a bottom line loss. Chief Executive, Mark Wynne, reported a gross trading profit of $71.3 million, up from $56.8 million a year ago. The co-op will keep the...

Ballance returns up as farmers buy more ‘smart’ products

[28 July/ Stuff] Ballance Agri-Nutrients’ gross trading result increased from $22 million to $56.8m in the last financial year, allowing a $54m farmer shareholder return. The fertiliser company’s revenue dropped 4 percent to $805 million, and sales volume saw a 1 percent decreased; however, Chief Executive Mark Wynne said Ballance improved its performance due to...

$7m of NZ cargo held in South Africa over ownership dispute

[17 June/ NZ Herald] A shipment of phosphate bound to Ballance Agri-Nutrients continues to be held at a South African port due to a bitter dispute over who has rights to the resource. The ship was stopped at Port Elizabeth last month amid claims that its cargo had been illegally taken and sold to the...

Seized phosphate shipment remains in limbo

 [19 May/ Radio NZ] A 54,000-tonne shipment of phosphate bound for New Zealand will likely be detained in South Africa for at least three more weeks after being seized in early May after complaints it was mined illegally in the Western Sahara. Two independence movements for Western Sahara took the case to court in Port...

Ballance Agri-Nutrients announces delay of Kapuni ammonia urea plant rebuild

[18 August/ Business Day: NZ Farmer] Ballance Agri-Nutrients Chief Executive Officer, Mark Wynne said the rebuilding of the Kapuni ammonia-urea plant had been delayed. Mr Wynne explained that the co-operative was writing off $13.3 million of costs associated with the potential upgrade because its potential partner had withdrawn from the project. Mr Wynne said there...

Ballance’s new partnership to put more data at farmer’s fingertips

 [25 July/ Business Day: NZ Farmer] Ballance Agri-Nutrients and Hill Laboratories have joined together to create a new app which would give farmers access to more data about their properties through their mobile phones. Ballance Sales Manager, Campbell Parker said the deal gave Hill Laboratories sole rights to Ballance’s soil and herbage test results from...

Ballance gears up to support farmers working within limits

 [20 July/ Rural News] Ballance Agri-Nutrients has formed a specialist Farm Sustainability Services team in order to meet the growing need for nutrient budgeting services and environmental plans as farmers adjust to working within environmental limitations. Team Leader, Alastair Taylor said the move built on Ballance’s nutrient budgeting service it started in 2013 to help...

Embrace change, Ballance CEO says

 [7 March/ Otago Daily Times] Ballance Agri-Nutrients Chief Executive, Mark Wynne said change could be viewed as either a danger or an opportunity, and he preferred to look at it as an opportunity. Mr Wynne added that farmers should view various changes to regulations as the voice of the community, and embrace them, rather than...

Ballance opens Timaru plant

[7 March/ Farmers Weekly] Ballance Agri-Nutrients has opened a new plant in Timaru where it would make its new PhaSedN fertiliser. Ballance Chief Executive, Mark Wynne said the product was useful on both dairy and hill farms where phosphate levels were high but sulphur levels were low. Mr Wynne said the product had originally been...

Strong supply and lowering demand see fertiliser prices fall

[1 February/ Business Day: NZ Farmer] Both Ballance Agri-Nutrients and Ravensdown have announced price cuts for all of their products. Urea prices have dropped by $50 to $525 a tonne, the lowest price since 2007. Diammonium phosphate has been reduced by $25 per tonne, granular ammonium sulphate by $15, and potash by $10. Ballance Chief...

Fert co-ops take it on the chin, back farmers

[8 December/ Dairy News] Ballance Agri-Nutrients said it will continue to absorb the impact of a weaker New Zealand dollar and hold prices for most major nutrients through December. Urea and DAP prices will remain unchanged, while potash prices will be reduced by $20 per tonne. Superphosphate prices however will rise $3 to $330 per...

Ballance speeds payouts to help farmers

[31 July/ Otago Daily Times] Ballance Agri-Nutrients has fast-tracked its 2014/15 rebate and dividend payment to help cash strapped shareholders. Ballance Agri-Nutrients Chairman, David Peacocke said low dairy payouts left many farmers facing winter months with a limited cash flow, while drought and then storms had hit beef and sheep farmers hard. The rebate, averaging...

Ballance Agri-Nutrients calls for tenders on South Taranaki urea plant

[10 July/ Business Day] Ballance Agri-Nutrients has called for tenders for the redevelopment of its South Taranaki urea plant. Ballance Chief Executive Mark Wynne, said while the current plant runs efficiently, the tender process offered the company the chance to invest in new technology to sustain globally competitive production into the future. Mr Wynne added...

Students given Ballance boost

[10 March/ Rural News] Ballance Agri-Nutrients has awarded $60,000 in tertiary study scholarships to seven students, with aspirations of a career in the primary industries sector. This year’s scholarships bring the total awarded by the co-operative since 2002 to 71. Ballance Agri-Nutrients Science Strategy Manager, Warwick Catto said the high calibre applicants demonstrated a true...

Industry leaders join Farm Environment Trust

[16 February/ Rural News Group] Ballance Agri-Nutrients science strategy manager, Warwick Catto and former Federated Farmers New Zealand president Bruce Wills, have been appointed to the New Zealand Farm Environment board. New Zealand Farm Environment chairman, Simon Saunders stated that Mr Catto’s wealth of scientific knowledge and vast experience in science extension work will make...

Farming clean streams

[2 February/ Rural News Group] Ballance Agri-Nutrients has established a specialist team to help farmers comply with environmental regulations and consent requirements. Ballance Agri-Nutrient’s new business extension services manager, Alastair Taylor said the new team will be a direct link between farmers and regional councils. He said the team will help farmers comply with local...

Plenty try to fill Nikora’s boots

[20 October/ NZ Farmers Weekly] Ten candidates are to compete to replace the current Ballance Agri-Nutrients Co-operative board director, Dean Nikora. The nominations for the November 25 elections are Narvey Bell (Wanganui), Sarah von Dadelszen (Wairarapa), Sandra Faulkner (Gisborne), Andy Law (Taihape), Gren Maughan (Marton), Mavis Mullins (Dannevirke), Kevin Old (Morrinsville), Michael Plowman (Owhango), Mike...

Agriculture still a winner

[25 September/ Rural News Group] Outgoing Ballance CEO, Larry Bilodeau commented that New Zealand does not have a viable alternative to agriculture in order to attempt to place less reliance on agriculture. Although he agreed that New Zealand needed to diversify its economy, he said that it need not be an ultimatum between agricultural export...

Nikora exits Balance board

[25 September/ Rural News Group] Hawke’s Bay farmer Dean Nikora has resigned from the Ballance Agri Nutrients board in order to accept an overseas appointment as AsureQuality group director food safety advisory. Ballance chairman, David Peacocke said that the board is actively encouraging potential candidates for director nominations. The successful candidate is to complete the...

‘Defining’ year for Ballance

[1 September/ NZ Farmers Weekly] Ballance Agri-nutrients sales volumes reached a record 1.55 million tonnes, ( up from 1.33 million tonnes in the prior year), driving strong cash flows and a reduction in debt. While the debt position was reduced, the company invested over $21 million on upgrades at Kapuni urea plant and $10 million...

Ballance sets profit record – again

[4 August/ NZ Farmers Weekly] Ballance Agri-Nutrients has reported a record breaking $93.5M profit for 2013-14, driven by the focus on cost reduction and growth in shareholder numbers (almost 1,000 new shareholders), with a $78.9M (up 21 percent) distribution to farmer shareholders. Gross sales revenue also set a record at $921M (almost up 4 percent)...

Ballance Agri-Nutrients CEO retires

[4 March/ Business Day] Ballance Agri-Nutrients the fertiliser co-operative CEO, Larry Bilodeau, has announced that he will retire at the end of September.  Mr Bilodeau has been CEO for fourteen years and Chairman, David Peacocke, said the co-op had evolved from a fertiliser business to a full spectrum farm nutrient business under Mr Bilodeau’s leadership. ...