# Stronger Rand helps lower Fertilizer import prices.

> South African weekly fertilizer prices fell in the week to August 29, with urea granular down 3.9% to R6,846/t, MAP down 1.4% and KCl down 1.4%. The decline was attributed to a strong rand and an Indian urea tender that pressured Middle East prices into the low $320s/t.

- Date: 2024-08-30 · published 2024-08-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29105-stronger-rand-helps-lower-fertilizer-import-prices
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower Indian tender offers and a firmer rand point to softer nitrogen and phosphate import costs, a bearish signal for fertilizer prices in the near term.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- USDZAR: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/10944-stronger-rand-helps-lower-fertilizer-import-prices

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