# International fertilizer prices remain stable this week, but stronger Rand brings relief to local prices.

> International urea prices fell 5-8% week on week, and the Middle East FOB price dropped $15/t to break below $600/t for the first time since July. Demand is weaker than expected during the November-December peak season. Speculation centers on the next Indian tender pushing prices lower.

- Date: 2022-11-11 · published 2022-11-11T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/38999-international-fertilizer-prices-remain-stable-this-week-but-stronger-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Weak demand in the seasonal peak and a possible sub-$600 Indian tender point to further urea weakness, with the price likely falling steadily from February.

## Read by commodity

- UREA: bearish ▼

## Sources

- agricultureportal.co.za: https://agricultureportal.co.za/index.php/agri-index/68-crops/8718-international-fertilizer-prices-remain-stable-this-week-but-stronger-rand-brings-relief-to-local-prices

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