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South African weekly nutrient prices show nitrogen, potash and phosphate costs falling week-on-week, with phosphate slightly higher due to rand weakness. Urea benchmarks fell about $30/t, with Middle East granular approaching $500/t as Asian producers struggle to sell and tenders from India, Pakistan and Ethiopia are expected.
Falling urea benchmarks and tender activity point to lower nitrogen costs for buyers, though the rand weakness partly offsets gains in local phosphate prices. Global urea softness is the dominant price signal.
farmingportal.co.zaDec 5, 2022Not 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.
