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Fertilizer prices were under pressure in the week to August 18, 2022, with urea down 5.4 percent and MAP down 2.2 percent while KCl rose 3.3 percent. Buyers in the Northern Hemisphere were largely waiting for the next Indian urea tender, and a weaker rand partly offset the declines in South Africa.
Soft short-term urea and phosphate prices give buyers a window to cover needs, though analysts expect prices to climb from September into Q4.
farmingportal.co.zaAug 19, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
