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We regularly discuss the Fertiliser market, where it is and where it will go over the next 6-12 months. In the last few weeks, the conversations I have had with a number of Growers is when will we see the prices drop significantly? The short answer is, not in the near future.
I recently listened to the Ag Watchers podcast "What is in store for Fertiliser pricing?" with guest Chris Lawson, head of Fertilisers for the analyst Firm CRU.
The number 1 point that I took away from this discussion is that Fertiliser prices are unlikely to come down to their historical norms over the next 2 years.
The impact of these record high fertiliser prices has encouraged Growers to be increasingly conscious about how they use their Fertiliser, the development of slower release technologies, less run off and more targeted to allow increased efficiency.
As mentioned in the podcast, this also opens up the opportunity for new technologies to continue helping decrease the amount of Fertiliser required.
This week we have seen Urea price drop to $1530 + GST per tonne, and DAP increase $20 per tonne to $1470 + GST per tonne.
Please subscribe to our weekly fertiliser update text for current pricing on all Fertiliser. Text "Fert update please" to 0418 137 224.