# Global fertiliser price outlook positive news for Australian growers | The Land | NSW

> Rabobank analyst Wes Lefroy says global fertiliser benchmarks bottomed near 10-year lows, then moved back toward the 10-year average in the second half of 2020. Australia imports most of its fertiliser, so local farm-gate prices depend on global prices, the Australian dollar and ocean freight. Heavy supply and growing capacity are expected to limit further price gains.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: market · region Australia · magnitude low
- Page: https://feedsoft.ai/events/4695-global-fertiliser-price-outlook-positive-news-for-australian-growers-the-land
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

Rising global benchmarks raise Australian fertiliser costs, but expected supply growth should cap the increase. Movements in the Australian dollar will also affect local input prices.

## Read by commodity

- UREA: neutral
- POTASH: neutral

## Sources

- theland.com.au: https://www.theland.com.au/story/7025337/grain-growers-enjoy-lower-fertiliser-prices-but-global-conditions-remain-somewhat-volatile/

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