Farmer's Weekly

How global oil prices influence what SA pays for fertilisers

Brent crude oil prices have been a major focus for the first half of 2024 due to voluntary production cuts by the Organization of the Petroleum Exporting Countries and other oil-producing nations (OPEC+) to gain margins for its members.

Initially, the objective was to reduce production to increase global prices; however, this has not been an easy task as global macroeconomic and geopolitical tensions hamper

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