AGRICULTURE NEWS - Grain farmers need to prepare to pay even more for fertiliser when the new planting season gets underway due to the weaker rand which has seen the local price of some fertilisers increase by over 20% in April on a year-on-year basis.
This was evident in the price of diammonium phosphate (DAP), which increased 22,6% from R3 256,80/t in April last year to R3 992,55/t in April 2020, said Fezeka Matebeni agricultural economist of agro-food chains, at the Markets and Economic Research Centre of the National Agricultural Marketing Council (NAMC).
According to the centre’s cost monitoring report for May, the international price of urea, which is the world’s most common nitrogen fertiliser, also increased 4,9% from R5 451,60/t to R5 719,56/t, while muriate of potash (MOP) decreased 1,5% from R3 922,32/t to R3 862,56/t.
Read the full article here on the Caxton publication, Farmer's Weekly
