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International phosphorus fertiliser prices have fallen to their lowest levels in more than a decade, with DAP and MAP down from about $600/t at the start of the year to $384/t. Australian retail prices for MAP and DAP have dropped to the low-to-mid $500s a tonne.
Lower prices are encouraging Australian farmers to place early orders for new-season fertiliser.
Increased production and weaker demand have pushed phosphate prices down, and the lower costs are filtering through to farm-level buying. Continued weakness in DAP keeps input costs low for crop producers.
farmonline.com.auGregor HeardDec 17, 2019Not 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.
