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South African retail fertilizer prices fell about 2.3% week-on-week to 12 October, with urea granular at R8,833 and MAP at R10,958. Nitrogen markets stayed quiet despite Middle East events, and Brazilian urea offers at $395/t were rejected.
Mississippi River closure was expected to halt US fertilizer demand.
Stable to slightly lower nutrient prices reduce input-cost pressure on local feed and crop producers, though the Middle East remains a risk.
farmingportal.co.zaFarming PortalOct 13, 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.
