# Phosphates is the big downwards mover this week, and stronger Rand helps local prices.

> 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%.

- Date: 2022-11-25 · published 2022-11-25T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/7858-phosphates-is-the-big-downwards-mover-this-week-and-stronger-rand-helps-local
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Falling phosphate and urea benchmarks lower import parity and local input costs, while a stronger rand cushions domestic prices further.

## Read by commodity

- DAP: bearish ▼
- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/8775-phosphates-is-the-big-downwards-mover-this-week-and-stronger-rand-helps-local-prices

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