You may be wondering what is driving the recent increases in fertiliser prices?

Strong demand in key global agricultural markets, an increase in raw material prices and ongoing logistical challenges due to the COVID-19, have put pressure on international supply chains which have all lead to a rapid increase in fertiliser prices. Sea Freight rates alone have increased by ~300% over the past 12 months.

  • Urea pricing softened a little last week, but supply remains a big issue which will keep pricing high;
  • MAP/DAP pricing continues to rise and is forecasted to remain strong for sometime;
  • SSP/DSP/TSP – pasture phosphate product pricing continues to rise on the back of rising production costs and tight supply.

 

Current fertiliser pricing is at a 10 year high.