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Ravensdown's supply chain manager says urea, DAP and sulphur prices have risen in New Zealand, driven by strong northern hemisphere and Brazilian seasonal demand and reduced Chinese DAP supply. Container shortages have also raised freight costs, though most of Ravensdown's product arrives on bulk vessels.
Strong seasonal demand from major importers and reduced Chinese export supply support higher fertilizer prices, which could persist until the seasonal demand ends.
odt.co.nzYvonne O'HaraMar 2, 2021Not 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.
