# South Africa -Fertilizer market developments

> A South African market review covering developments since June 2024 says natural gas prices have shown lower daily volatility. The TTF index averaged EUR 32/MWh in 2024 to early November, down EUR 8 from the same period in 2023. Global fertilizer output is expected to be broadly steady in 2024, with phosphate production slightly lower.

- Date: 2024-11-22 · published 2024-11-22T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/27741-south-africa-fertilizer-market-developments
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Cheaper and more stable natural gas lowers ammonia and nitrogen fertilizer production costs. That eases pressure on nitrogen fertilizer prices.

## Read by commodity

- NATGAS: bearish ▼

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/11175-south-africa-fertilizer-market-developments

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