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Weekly South African data show marginal changes in international fertilizer prices, with MAP down 2.3% and nitrogen cost per kilogram up 2.3% week on week. A weaker rand offset lower international prices.
Urea prices diverge regionally, with Egypt rising and China expected to move lower as exports increase.
Rand weakness keeps local input costs elevated even as world urea prices are mixed. Expected Chinese urea exports to Latin America could add supply and pressure Brazilian prices later.
farmingportal.co.zaJun 23, 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.
