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Farmingportal reports international fertilizer prices were stable in the week to January 19, while a weaker rand lifted local South African prices. Urea is oversupplied, with Brazilian prices easing and US import demand expected to be firm for spring.
A weaker rand raises local input costs in South Africa, while oversupplied global urea keeps international nitrogen prices under pressure.
farmingportal.co.zaJan 20, 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.
