# Local Fertilizer prices still falling despite Rand weakness, time for local growers to buy.

> South African retail fertilizer prices kept falling in the week to June 1, with nitrogen down 1.3 percent, phosphate down 8.2 percent and potash down 3.9 percent per kilogram of nutrient. Urea is expected to fall further in the short term despite a weaker rand. A reduced Indian tender of 800,000 tonnes is expected to push prices lower.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/8826-local-fertilizer-prices-still-falling-despite-rand-weakness-time-for-local
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Falling local nitrogen and phosphate prices lower input costs for South African producers, and the expected Indian tender points to further urea weakness. The rand's weakness is a partial offset for imported product.

## Read by commodity

- UREA: bearish ▼

## Sources

- farmingportal.co.za: https://www.farmingportal.co.za/index.php/agri-index/68-crops/9477-local-fertilizer-prices-still-falling-despite-rand-weakness-time-for-local-growers-to-buy

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