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Global fertiliser prices have fallen well below their 2022 peak but remain above pre-2020 averages. South African farmers face higher-than-average costs as the Southern Hemisphere 2024/25 season approaches, with MAP and DAP prices a particular concern.
Demand is sluggish and the Rabobank affordability index is neutral, heading negative, so phosphate prices are unlikely to drop sharply. This keeps input costs a pressure point for feed-grain producers in the region.
foodformzansi.co.zaThabile NkunjanaSep 19, 2024Not 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.
