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Australian fertiliser prices remain soft despite crop-season demand, with nitrogen and phosphate near 10-year lows. Urea is down about $60/t since Christmas, and MAP is $50-100/t below last year at about $560/t.
Low urea and phosphate prices reduce input costs for Australian grain and livestock producers, though rising phosphate spot values limit the downside.
farmonline.com.auAndrew MarshallMay 7, 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.
