# Urea price fall picks up momentum, as Rand weakness pushes Phosphate and Potash up.

> South African retail urea prices fell about 9% week on week as the Middle East price dropped more than 10% to the mid-$500s per tonne. Phosphate and potash rose in rand terms as the currency weakened, and US urea demand is weak because of wet conditions that have left millions of acres unplanted.

- Date: 2022-06-17 · published 2022-06-17T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/41242-urea-price-fall-picks-up-momentum-as-rand-weakness-pushes-phosphate-and-potash
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Weak urea demand and falling Middle East prices point to cheaper nitrogen, though a weaker rand is raising phosphate and potash costs for buyers in South Africa.

## Read by commodity

- DAP: bullish ▲
- CORN: bearish ▼
- UREA: bearish ▼
- POTASH: bullish ▲

## Sources

- farmingportal.co.za: http://farmingportal.co.za/index.php/agri-index/68-crops/8096-urea-price-fall-picks-up-momentum-as-rand-weakness-pushes-phosphate-and-potash-up
- farmingportal.co.za: http://www.farmingportal.co.za/index.php/agri-index/68-crops/8096-urea-price-fall-picks-up-momentum-as-rand-weakness-pushes-phosphate-and-potash-up

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