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South African fertiliser prices were flat for nitrogen, phosphate and potash week-on-week as of 8 September. Urea markets were quiet while buyers awaited the Indian tender, which drew offers of 2.25 million tons against a 1 million ton target, with expectations of lower prices.
The anticipated Indian tender outcome is expected to cut urea values by $50-75/t, which would ease nitrogen input costs for feed producers.
farmingportal.co.zaFarming PortalSep 9, 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.
