The association had applied to the High Court for an injunction against Marnco to stop the sale of its Single Super Phosphate (SSP) fertiliser in New Zealand.Power stressed that the association was in no way opposed to Marnco selling its products in New Zealand but wanted the company to be clear with farmers and growers about what it was they were buying.FANZ’s managing board and technical committee are made up of representatives from its member companies, who are also New Zealand’s largest fertiliser players, Ballance Agri-Nutrients and Ravensdown.
Marnco has established a solid base in Australia since its entry in 2018, claiming 20-25% of the Victorian and South Australian farm fertiliser market. Its primary supply source is through United States-based fertiliser distributor Nitron.
CXM Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
