# Fertilizer prices stable this week, Rand makes gains against USD.

> 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.

- Date: 2023-11-03 · published 2023-11-03T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33477-fertilizer-prices-stable-this-week-rand-makes-gains-against-usd
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Ample global nitrogen and potash supply and weak demand point to continued softness in fertilizer costs for South African and other importing buyers.

## Read by commodity

- UREA: bearish ▼
- POTASH: bearish ▼
- USDZAR: neutral

## Sources

- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/10048-fertilizer-prices-stable-this-week-rand-makes-gains-against-usd

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