# International Phosphates and Potash drop marginally, as stronger Rand pushes local prices down.

> South African fertiliser prices fell marginally in the week to 27 October, with urea granular down 1.7%, MAP down 3.1% and KCl down 2.7%. A stronger rand pushed local prices lower. Producers in urea-exporting regions were discounting to move high inventories after a weak Indian urea tender.

- Date: 2022-10-28 · published 2022-10-28T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/4929-international-phosphates-and-potash-drop-marginally-as-stronger-rand-pushes
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Potash (KCl)](https://feedsoft.ai/c/POTASH.md)

## Why it matters

High producer stocks and discounting in urea, DAP and potash point to softer fertiliser input costs for farmers, with limited near-term support for prices.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼
- POTASH: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2022-10-28 | 1 | -8.6% | -3.5 | Exporters discounting to clear high inventories after a weak Indian urea tender points to weak demand and heavy supply, a direct driver of the sharp urea price drop dated the same day. |
| UREA | 2022-10-27 | 1 | -8.6% | -3.5 | Exporters are discounting to clear high inventories after a weak Indian tender, which points to falling urea prices in the days around the move. |

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/all-agri-news/news-of-the-day/8667-international-phosphates-and-potash-drop-marginally-as-stronger-rand-pushes-local-prices-down

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