Loading…
Phosphate prices fell sharply in South Africa's weekly cost data, with phosphate cost per kilogram of nutrient down 9.8% week on week. Urea prices were flat to firmer, though analysts expected downward pressure after an upcoming Indian tender and Chinese export increases.
Falling phosphate and urea prices after the US seasonal peak reduce input costs, while the expected Indian tender and Chinese exports point to further softness in nitrogen.
farmingportal.co.zaMay 6, 2023Not 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.
