Fertiliser prices are at a 10 year low after weak global demand and surplus global stock.
Despite high demand for fertiliser locally and a low Australian Dollar the prices of nitrogen, phosphate and potassium fertiliser remain low compared to previous years. Urea prices have slipped by around $60/t compared to other winter sowing seasons where prices rise with demand. During Jan-May Australia imports 50% we use so there is normally a price rally during this period.
Fertiliser demand is up in the east coast to replenish nutrients from last years high winter rain falls and large grain yields.
