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South African fertilizer prices this week show phosphates as the largest weekly decline, with MAP and phosphate costs down 8%. Urea benchmarks fell $10-20/t, except the Middle East benchmark, which was unchanged, and the rand strengthened 2%.
Falling phosphate and urea benchmarks lower import parity and local input costs, while a stronger rand cushions domestic prices further.
farmingportal.co.zaFarming PortalNov 25, 2022Not 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.
