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Australian fertiliser prices remain soft despite strong seasonal demand, with nitrogen and phosphate prices near 10-year lows. Urea fell about $60/t at port since Christmas, and MAP is $50-100/t cheaper than a year ago at about $560/t.
Weak global supply-demand balance keeps input costs low for Australian growers and livestock producers, while the lower urea and phosphate trend limits cost pressure on farm margins.
farmweekly.com.auMay 11, 2017Not 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.
