# ANZ and Rabobank look at the costs of fertiliser for 2023 | Farm Weekly | WA

> ANZ and Rabobank expect Australian fertilizer costs to fall in 2023 after prices roughly halved from their spike. Rabobank forecasts Australian farmers will increase urea use about 4%, potash 3% and phosphate 2%, though still below long-term averages. Analysts flag El Niño and drier conditions as risks for the season.

- Date: 2023-06-12 · published 2023-06-12T12:00:00.000Z
- Category: weather · region Australia · magnitude low
- Page: https://feedsoft.ai/events/35431-anz-and-rabobank-look-at-the-costs-of-fertiliser-for-2023-farm-weekly-wa
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher planned fertilizer use supports Australian crop output and grain availability, while El Niño risk could cut yields. Lower input costs help farm margins but have limited direct effect on feed commodity prices.

## Read by commodity

- UREA: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-11-21 | [Farming News - Rabobank: Weather event among threats to global food price stability in 2018](https://feedsoft.ai/events/67910-farming-news-rabobank-weather-event-among-threats-to-global-food-price.md) | -0.0% | +0.1% |
| WHEAT | 2018-10-04 | [Feed weekly outlook: Snowy weather makes for larger feed supplies - Manitoba Co-operator](https://feedsoft.ai/events/62609-feed-weekly-outlook-snowy-weather-makes-for-larger-feed-supplies-manitoba-co.md) | -2.7% | +5.7% |
| WHEAT | 2024-01-11 | [Regional US Weather Outlook for 2024](https://feedsoft.ai/events/32046-regional-us-weather-outlook-for-2024.md) | +0.2% | -1.3% |
| WHEAT | 2017-11-03 | [Rain delays harvest in many areas \| Farm Weekly \| WA](https://feedsoft.ai/events/67940-rain-delays-harvest-in-many-areas-farm-weekly-wa.md) | +0.1% | -1.6% |
| WHEAT | 2020-08-13 | [Labour concerns loom for bumper harvest \| The Land \| NSW](https://feedsoft.ai/events/51557-labour-concerns-loom-for-bumper-harvest-the-land-nsw.md) | +0.7% | +11.5% |

## Sources

- farmweekly.com.au: https://www.farmweekly.com.au/story/8231508/fertiliser-production-prices-to-drop/

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