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New Zealand fertiliser suppliers Ravensdown and Ballance report sharp price increases, with DAP prices roughly doubling in the past year. Ballance says Chinese export curbs and seasonal purchasing in India and Brazil are adding pressure.
Farmers are shifting to locally made products, whose prices have risen about 10%.
Global DAP price increases are passing through to regional buyers, and reduced import demand may limit how far prices can rise.
rnz.co.nzTe Reo Irirangi o AotearoaAug 9, 2021Not 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.
