Loading…
South African retail prices for the week to 25 July rose for MAP by 3.7% and phosphate nutrient by 4.3%, while urea and potash were little changed. Analysts expect urea to soften in August unless demand firms, with a rise from September as Northern Hemisphere buying returns.
Limited phosphate supply and firmer MAP prices point to higher phosphate input costs, while weak urea demand suggests near-term nitrogen softness before seasonal buying lifts prices later in the year.
farmingportal.co.zaJul 26, 2024Not enough comparable past events yet for a historical read.
Not 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.
