# Nutrient prices still headed down, rand weakness sees local phosphates price lift slightly.

> 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.

- Date: 2022-12-05 · published 2022-12-05T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38543-nutrient-prices-still-headed-down-rand-weakness-sees-local-phosphates-price
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- USDZAR: bullish ▲

## Sources

- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/8806-nutrient-prices-still-headed-down-rand-weakness-sees-local-phosphates-price-lift-slightly

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