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Strong international demand has pushed DAP prices to their highest since 2016, with New Zealand co-operatives Ravensdown and Ballance raising prices over Easter. Ballance said DAP is up US$200/t since January, and its DAP price rises by $99/t from April 1.
Urea and sulphur prices are also rising alongside escalating freight costs.
Tight phosphate supply and higher freight costs keep fertilizer input costs elevated for farmers. Rabobank expects urea prices to ease first, with phosphates following later in the second quarter.
farmersweekly.co.nzGerald PiddockApr 6, 2021Not 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.
