# Fertilizer markets and the Rand generally stable this week.

> The latest Indian urea tender drew about 2.9 million tonnes of offers, and India locked in about 1.5 million tonnes at around $650/t CFR. Urea prices were broadly stable week on week in South Africa, while potash (KCl) granular fell 1.7%, and a Pakistan tender received only one offer that was deemed too expensive.

- Date: 2022-10-21 · published 2022-10-21T12:00:00.000Z
- Category: trade · region Global · magnitude low
- Page: https://feedsoft.ai/events/39463-fertilizer-markets-and-the-rand-generally-stable-this-week
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

The Indian purchase brings some balance to the market, and producers expect prices to rise from November. Potash softness and stable urea prices suggest limited near-term price movement for crop-nutrient costs.

## Read by commodity

- UREA: neutral
- POTASH: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-06-07 | [Fertilizer Market Report – June 7, 2023 - Genesis Fertilizers](https://feedsoft.ai/events/35811-fertilizer-market-report-june-7-2023-genesis-fertilizers.md) | +0.3% | +4.6% |
| UREA | 2021-05-06 | [Will fertiliser prices fall in the middle of this month?](https://feedsoft.ai/events/7726-will-fertiliser-prices-fall-in-the-middle-of-this-month.md) | +4.1% | +17.6% |
| UREA | 2023-06-29 | [Fertiliser market developments after disruption of 2022 - Farmers Weekly](https://feedsoft.ai/events/35425-fertiliser-market-developments-after-disruption-of-2022-farmers-weekly.md) | -0.8% | +10.5% |
| UREA | 2023-04-28 | [US boost to fertilizer markets nears an end, demand outlook remains a concern amidst negative economic drivers.](https://feedsoft.ai/events/6332-us-boost-to-fertilizer-markets-nears-an-end-demand-outlook-remains-a-concern.md) | -0.7% | +2.8% |
| UREA | 2026-01-15 | [AgroPages-Brazil's fertilizer imports hits record in 2025 as lower-grade products gain market share-Agricultural news](https://feedsoft.ai/events/21381-agropages-brazil-s-fertilizer-imports-hits-record-in-2025-as-lower-grade.md) | +1.0% | +14.0% |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/farming-news/south-africa/8641-fertilizer-markets-and-the-rand-generally-stable-this-week

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