Loading…
New Zealand's fertilizer co-operatives Ballance and Ravensdown have cut nitrogen and superphosphate prices, with urea down about 15-20% from the peak. Easing reflects Europe leaving winter and countries drawing down stockpiles built during earlier supply constraints.
Attention is now on northern hemisphere demand in the coming weeks.
Lower fertilizer prices reduce feed-grain production costs and support the outlook for pasture and crop inputs. Any stronger northern hemisphere demand could reverse the decline.
farmersweekly.co.nzGerald PiddockJan 24, 2023Not 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.
