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South African fertilizer markets were quiet in the week after the Easter and Eid holidays, with prices slipping slightly. Urea granular was flat at R13,340/t and KCl fell 0.3% week on week.
Buyers expected urea to fall further after an Indian tender, with suppliers reportedly pitching around $700/t fob Middle East.
Softer nitrogen and potash import parity values lower input costs for feed producers at the margin. Downward pressure on urea depends on the Indian tender outcome and whether other buying emerges in a seasonally quiet period.
farmingportal.co.zaFarming PortalMay 6, 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.
