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South African wholesale fertiliser prices rose in the week to May 30, 2024, with urea up 6.4% and potash up 1.3%. Global urea benchmarks gained, with Middle East FOB prices rising $20/t to $310-315/t and Argentina paying up to $345/t CFR.
Australian buyers were purchasing early.
Firm global urea prices and early Australian buying tighten nitrogen supply into the southern hemisphere season, supporting input costs for feed producers.
farmingportal.co.zaFarming PortalMay 31, 2024Not 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.
