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South African retail-level prices for urea and MAP rose week on week, while KCl potash stayed soft. Analysts expect urea to keep rising for at least a month as available stocks sell out through June.
Brazilian demand remains weak despite higher offers.
Firmer nitrogen and phosphate prices raise crop input costs and signal tighter export availability, while soft potash offers little support. Feed buyers should expect nutrient costs to firm in the near term.
farmingportal.co.zaMay 24, 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.
