GSA Annual Report 2025

36 Sep 2024 Sep 2025 % change Fertiliser Dollar/ton Dollar/ton % Ammonia (Middle East) 397 319 -24,45% Urea (46) (Eastern Europe) 339 396 14,39% DAP (USA Gulf) 605 716 15,50% KCL (CIS) 290 375 22,67% Rand/dollar exchange rate 17,58 17,46 -0,68% Table 1: International fertiliser prices in dollar terms. Sep 2024 Sep 2025 % change Fertiliser Rand/ton Rand/ton % Ammonia (Middle East) 6 979 5 570 -20,19% Urea (46) (Eastern Europe) 5 960 6 914 16% DAP (USA Gulf) 10 636 12 501 17,53% KCL (CIS) 5 098 6 548 28,44% Table 2: International fertiliser prices in rand terms. Table 2 indicates international fertiliser prices in rand terms, with exchange rate effect on prices. Graph 3 also indicates the gradual increase that was experienced during the year and the slight decrease that is seen during the ending months of 2025. 25 000 20 000 15 000 10 000 5 000 Graph 3: Local fertiliser prices. Average local fertiliser price (R/ton) LAN (28) MAP Potassium chloride (granular) Urea (46) 2019 2020 2021 2022 2023 2024 2025 Source: Grain SA INPUT OVERVIEW

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