# Nitrogen and Phosphate prices keep firming

> 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.

- Date: 2024-05-31 · published 2024-05-31T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30604-nitrogen-and-phosphate-prices-keep-firming
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Firm global urea prices and early Australian buying tighten nitrogen supply into the southern hemisphere season, supporting input costs for feed producers.

## Read by commodity

- UREA: bullish ▲
- POTASH: bullish ▲

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/10689-nitrogen-and-phosphate-prices-keep-firming

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