Australian fertiliser prices have jumped over the last six months but are still relatively flat leading into the winter cropping season due to a lack of widespread rain. Single Super (SSP) prices are strong due to big demand from livestock producers seeing good conditions such as the strong wool price. Generally fertiliser prices are trending at average prices compared to the last decade.
The Global Fertiliser Price Trends:
Urea prices have been a bit volatile over the last 6mths but it has climbed ~16% over the last 6mths with more volatility predicted
MAP/DAP are up ~20% over the last 6mths
Rock Phosphate has been flat on the global markets
Potassium chloride has risen 4%
The global price leap has partly come about from closure of US Fertiliser giant Mosaic’s 53-year-old 2 million tonnes a year, Plant City facility in Florida, which suddenly reduced global volumes.
