# Fertiliser prices finally show signs of easing

> 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.

- Date: 2023-01-24 · published 2023-01-24T12:00:00.000Z
- Category: market · region New Zealand · magnitude low
- Page: https://feedsoft.ai/events/5866-fertiliser-prices-finally-show-signs-of-easing
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

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.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmersweekly.co.nz: https://www.farmersweekly.co.nz/markets/fertiliser-prices-finally-show-signs-of-easing/

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