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South African fertilizer prices fell 2-3% week on week to November 2, with urea granular at R8,203/t and KCl granular at R7,750/t. Market participants expect further declines as ample supply from the Middle East, Russia and Southeast Asia meets demand after the 1.67 million tonne Indian tender.
Ample global nitrogen and potash supply and weak demand point to continued softness in fertilizer costs for South African and other importing buyers.
farmingportal.co.zaFarming PortalNov 3, 2023Not 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.
