# Fert farmgate price cuts may be on their way

> Rabobank analysts expect New Zealand farmgate fertiliser prices to fall in the coming weeks as the market is quiet with no major price drivers. Middle East urea spot prices dropped 14% in April, and Morocco DAP fell 4%. China has also shortened export certificate validity to 30 days, though this has not yet lifted prices.

- Date: 2024-05-15 · published 2024-05-15T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/30182-fert-farmgate-price-cuts-may-be-on-their-way
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Falling spot references and a lack of upside drivers point to lower nutrient costs for farmers, which could ease input pressure on grain and feed production margins.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/markets/fert-farmgate-price-cuts-may-be-on-their-way/

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