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Weekly South African retail fertilizer prices were steady, with urea and MAP up slightly and KCl down 1.1%. Urea prices in global markets were flat after a $50/t drop the previous week, while Brazil rose by up to $15/t on a single transaction.
Analysts expect weak urea sentiment to persist and see phosphates strengthening.
Global urea weakness and Brazilian volatility point to further pressure on nitrogen prices, while firmer phosphate values raise input costs for feed-linked producers.
farmingportal.co.zaDec 1, 2023farmingportal.co.zaDec 1, 2023Not 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.
