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ASB BUYS NOTES  |
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| (Updated 23/05/13 04:22) | ||
| GLOBAL DAIRY TRADE | |
| Change in GDT-TWI index -2.1% | Average Winning Price (USD/MT, FAS) 4,549 |
| From Trading Event 92 held 15/5 | |
By: Farming Show staff | Rural News |
A shipment of urea from Saudi Arabia has arrived safely in New Zealand after making its way through pirate-fested waters.
The urea, used to make fertiliser for Ravensdown, is worth $820 per tonne, and is an attractive proposition for pirates in the Persian Gulf.
The shipment arrived at Lyttleton this week.
Ships carrying the urea are forced to tie drums and barbed wire around the outside of their vessels to protect the stock. Security guards are also hired to patrol ship as they navigate through the Northern Indian Ocean.
The urea will be used to make fertiliser for Canterbury’s farms.
Related Subjects
Pirates | fertiliser | Ravensdown |
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