# Demand sees fertiliser prices soar

> 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.

- Date: 2021-04-06 · published 2021-04-06T12:00:00.000Z
- Category: market · region New Zealand · magnitude medium
- Page: https://feedsoft.ai/events/47908-demand-sees-fertiliser-prices-soar
- Commodities: [Phosphate Rock](https://feedsoft.ai/c/PHOSROCK.md), [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/news/demand-sees-fertiliser-prices-soar/

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