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Weekly South African fertilizer prices showed KCl, nitrogen and potash all lower, with potash down 5.5% week on week. Urea prices eased, with the Middle East range reduced, though an Indian tender for 1.2-1.5 million tonnes is expected and Q4 seasonal demand is rising.
The US was the only region with firmer urea, driven by a Florida hurricane and a rush to move barges before the river closes for winter.
Weak nutrient demand and softer urea and potash prices lower fertilizer costs, though an upcoming Indian tender could firm urea. Barge logistics on the Mississippi are a short-term factor for US urea.
farmingportal.co.zaOct 7, 2022Not 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.
