# Weak global demand sees all prices under pressure, while the devaluing Rand offsets some of the gains.

> 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.

- Date: 2022-08-19 · published 2022-08-19T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/12417-weak-global-demand-sees-all-prices-under-pressure-while-the-devaluing-rand
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Soft short-term urea and phosphate prices give buyers a window to cover needs, though analysts expect prices to climb from September into Q4.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/8364-weak-global-demand-sees-all-prices-under-pressure-while-the-devaluing-rand-offsets-some-of-the-gains

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.