The Fertiliser price hike has continued apace – and the bad news for Australian growers is that international price rises are going up faster than domestic ones.
With most farmers already sorted for their 2008 phosphate needs, the jump of close to $200/t in phosphate (P) products such as MAP and DAP in the past three weeks will not have an impact this season, but casts a pall over their affordability in 2009.
Although no blanket figure can be quoted – suggestions are that farmers would generally be paying $1600/t or moren for new up-country deliveries.
Tight international supply, favourable grain prices are the drivers behind the continued demand, along with strong demand from Indian buyers.
Extract from full report in this week's Rural Press agricultural publications.
Email a friend