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Meridian Agriculture adviser James Whale says rising livestock prices have nearly doubled gross margins for grazing businesses. He argues that superphosphate applications are now a high-return investment for graziers.
His example, based on a western Victoria operation, projects over $200 per hectare in extra annual net returns.
Stronger livestock returns encourage more phosphate fertilizer use on pasture, which supports superphosphate demand in Australia. The effect on global prices is modest.
sheepcentral.comJan 30, 2018Not 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.
