# Weak rand results in big fertiliser price increase

> South African fertilizer prices rose sharply as a weaker rand and higher international prices since mid-2020 passed through to local markets. The country imports around 80% of its fertiliser needs, with maize producers the largest consumers.

- Date: 2020-11-27 · published 2020-11-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/4396-weak-rand-results-in-big-fertiliser-price-increase
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Currency weakness raises landed costs for imported nitrogen and potash, squeezing South African maize and wheat producers. The effect is largest for crop farmers who buy most of the fertiliser.

## Read by commodity

- UREA: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2020-06-19 | [Sharp increase in SA fertiliser prices due to weak rand](https://feedsoft.ai/events/52920-sharp-increase-in-sa-fertiliser-prices-due-to-weak-rand.md) | +0.6% | +6.2% |
| UREA | 2022-01-31 | [Fertilizer Price Increases: Should Farmers be Worried?](https://feedsoft.ai/events/43465-fertilizer-price-increases-should-farmers-be-worried.md) | -5.9% | +6.1% |
| UREA | 2021-10-22 | [Fertiliser market price rise: wait or buy now?](https://feedsoft.ai/events/44888-fertiliser-market-price-rise-wait-or-buy-now.md) | -1.7% | +9.0% |
| UREA | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -11.9% | -20.3% |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |

## Sources

- farmersweekly.co.za: https://www.farmersweekly.co.za/agri-news/south-africa/weak-rand-results-in-big-fertiliser-price-increase/

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