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Fertilizer prices in South Africa fell or stayed flat in the week to 22 September, with MAP down 4.1% and KCl down 1.0% on a weekly basis. Urea trading was quiet, with the Middle East benchmark unchanged while some other regions saw reductions.
Weak global fertilizer demand and buyers waiting for lower prices point to continued softness in nutrient costs before the expected October pickup. Lower input costs ease margins for livestock and feed producers.
farmingportal.co.zaSep 23, 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.
Weak global fertilizer demand with MAP (a phosphate product close to DAP) down 4.1% weekly signals broad phosphate price pressure.
