# Worldwide commodities boom drives fertiliser prices to 10-year highs - NZ Herald

> FAO reports world food prices rose at their fastest monthly pace in more than a decade, with the index reaching its highest level since September 2011. DAP fertiliser in New Zealand has reached about NZD 1,000/tonne, a 10-year high, up from about NZD 800 a year earlier.

- Date: 2021-06-25 · published 2021-06-25T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/46892-worldwide-commodities-boom-drives-fertiliser-prices-to-10-year-highs-nz-herald
- Commodities: [Soybeans](https://feedsoft.ai/c/SOY.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

A broad commodities rally is lifting both fertiliser and grain and oilseed prices, which keeps feed input costs elevated and reinforces firm prices for corn, soy and vegetable oils.

## Read by commodity

- DAP: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- CORN: bullish ▲

## Sources

- nzherald.co.nz: https://www.nzherald.co.nz/business/worldwide-commodities-boom-drives-fertiliser-prices-to-10-year-highs/QPESG76EF2GPORLRRTU3JCL2SI/

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