… that a gradual drop in the prices of certain inputs has begun to be registered in recent weeks. Headed by diesel, whose “real” price (not the official one) would have fallen by about $10 per liter, based on the relative improvement in supply, other inputs would begin to have a “bearish” rearrangement, although uneven, in part, due to account uploads recorded in the first semester. According to the relative prices of the latest edition of Márgenes Agropecuarios, in addition to fuel, also corn seed, or fertilizers, begin to rearrange the values downward, although there are still delays compared to the high levels to which they were purchased by wholesalers. In the case of urea, for AZ Group, although it is falling in the Middle East, it is still above the price of the first half, while diammonium phosphate continues to weaken, both in the Gulf, as well as in China, India and Russia. They emphasize, however, “that the imminence of (thick) planting in the southern hemisphere could put a brake on the downward trend.” The Consultant’s Inputs report also highlights that Argentina imported 110,000 t of urea in July at US$925/t (FOB in the Middle East today is US$632/t), and has accumulated 426,000 t so far this year , that is, 42% below the same date of the 21st. For the diamonic, on the other hand, imports accumulated 459,000 tons as of July, 4% below the 21st, with a drop of US$10 per t. According to AZ Group, for soybeans, the relative prices of urea have improved in recent months, while the same occurs with phosphorous, both in corn and soybeans “with an improvement in purchasing power of 16%” for each one. from them. For Mario Arbolave, from Márgenes, part of the losses may be due “to the fact that Russian fertilizers, one of the largest producers, began to appear.” After highlighting the increase in the Personnel and Freight items, Arbolave considered that “the start of the campaign was with very high costs, and there is great volatility in prices.” “Locally they don’t go down as fast as they do in the international market,” he said.
Source: Ambito
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