# Marginal reductions in International Fertilizer prices are offset by Rand weakness.

> 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.

- Date: 2023-06-23 · published 2023-06-23T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35429-marginal-reductions-in-international-fertilizer-prices-are-offset-by-rand
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- UREA: neutral
- POTASH: neutral

## Sources

- farmingportal.co.za: https://farmingportal.co.za/index.php/agri-index/68-crops/9566-marginal-reductions-in-international-fertilizer-prices-are-offset-by-rand-weakness

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