Fertiliser and farming services company Ravensdown is planning “changes” to its organisational structure and has hinted at redundancies.
Ravensdown CEO Garry Diack told Hawke’s Bay Today the company, which operates plants in Napier, Dunedin and Christchurch, had been through a challenging 18 months.
“Weather disruption and increasing costs - fuel, interest rates and volatile fertiliser prices - means farmers and growers across New Zealand are buying significantly less fertiliser,” he said.
“Our projected sales volumes for this financial year are looking to be significantly down on the previous financial year, and it is unlikely that fertiliser demand will return to traditional levels in the immediate term.”
He said Ravensdown had reviewed “our business model to realign it with reduced demand”.