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World Prices – Yearly Summary 

NITROGEN | PHOSPHATES | POTASSIUM 

NITROGEN (UREA) 9th July 2020

PHOSPHATES (MAP) 9th July 2020

POTASH (KCL) 9th July 2020

Terms & Conditions

By using this website, you acknowledge and agree to:

Use of this website and related products and/or services shall be governed by and construed in all respects in accordance with the laws of South Africa, and subject to the exclusive jurisdiction of the South African courts. Use of this website or any information, products or services is at the user’s own risk. Oté accepts no liability whatsoever relating to any loss, expense, claim or damage, whether direct, indirect or consequential, arising from the information on this website, your use of this website or any actions or transactions resulting therefrom. Oté makes no presentation or warranty, whether express or implied, as to the operation, integrity, availability or functionality of this website or as to the accuracy, completeness or reliability of any information obtained from this website. Oté also makes no warranty or representation, whether express or implied, that the products, information or files available on this website are free of viruses, destructive materials or any other data or code which is able to corrupt, compromise or jeopardize the operation or content of a computer system, computer network or your hardware or software. You accept all risk associated with the existence of such viruses, destructive materials or any other data or code which is able to corrupt, compromise or jeopardize the operation or content of a computer system, computer network or your hardware or software. Oté accepts no responsibility for any errors or omissions on this website. Oté may, in its sole discretion, at any time, suspend or terminate the operation of this website or any of the products or services provided in terms of this website, without prior notice. Notwithstanding the fact that this website may refer to and/or provide links to other websites, your use of such other websites is entirely at your own risk and Oté is not responsible for any loss, expense, claim or damage, whether direct, indirect or consequential, arising from your use of such other website. Oté also does not endorse, warrant or make any representations about the content, products, services, goods, security or reliability of such other websites. All rights reserved

 

General provisions of sale

Insofar as no other agreement has been concluded in writing, the following shall apply:

  1. General

    Despatch may take place from any point or depot determined by Ote Group (Pty) Ltd (hereinafter referred to as “us”). Any order will only be binding on us after it has been explicitly accepted by us. Under all circumstances the order will be subject to the availability of products. After acceptance by us this order shall not be altered in part or in full in any way whatsoever except if both parties agree thereto in writing. VAT will be added, where applicable.

  2. Warranty

    We shall in spite of the provisions of section 61 of the Consumer Protection Act No. 68 of 2008 not be liable for any loss or damage, direct or consequential, arising from any cause whatsoever including, but not limited to, loss or damage arising from the use, delivery, destruction, contamination, late delivery or non-delivery of any of our products, as well as the delivery of a wrong product(s). This exclusion of liability expressly also relates to loss or damage suffered by reason of negligence by us or any person (persons) for whose acts or omissions we may be liable in law. This exclusion also relates to defects latent or patent, in the products supplied. Our liability shall in all instances be limited to compensating the Buyer, either by way of credit or replacement of goods to a maximum of the invoiced value of the rejected goods, plus transport charges incurred by the Buyer in the delivery of the goods to him. The Buyer’s attention is specifically drawn to the fact that fertiliser has a limited shelve life, influenced by circumstances in which the fertiliser is stored. For instructions on the correct way to store fertiliser contact Ote Group (Pty) Ltd.

  3. Representation

    No representative, agent or salesman has the authority to deviate from these provisions and/ or make representations on our behalf, and no deviation from these provisions shall have any effect unless agreed to in writing by both parties.

  4. Delivery

    1. Delivery shall be to a final point of delivery as specified by the Buyer in the order.
    2. Except for the contents of 4(d) below, delivery shall be complete when the vehicle conveying the goods arrives at the final point of delivery specified by the Buyer in the order.
    3. The SATS and/or road haulier(s) are deemed to be contractors of ours.
    4. Risk shall pass to the Buyer when the vehicle conveying the goods arrives at the final point of delivery specified by the Buyer in the order.
    5. We do not guarantee delivery to the Buyer, or delivery on a certain date, but we will endeavour to despatch the products as close as possible to the date(s) specified in the order.
    6. The mass of the goods is guaranteed according to the notice of despatch at point of loading. Ote Group (Pty) Ltd will only consider weight variances of more than 1%.
    7. We shall be entitled to charge the Buyer for any damages suffered by us as a result of refusal or delay by the Buyer to accept the whole or any part of any delivery.

  5. Claims

    All claims shall be in writing and lodged with us within twenty-four (24) hours of delivery of the goods to the Buyer. If this requirement is not complied with, all liability by us shall cease upon expiry of the period of twenty-four (24) hours.

  6. Prices

    Specifications and prices issued by us from time to time are for information only and do not constitute offers to sell. Orders/requisitions placed by our customers on our system, the G-Pay payment solution, are subject to acceptance by us and notification in this regard to the Buyer that they have been accepted. Orders/requisitions are accepted at prices ruling at the date of placing an order.

  7. Terms

    Payment terms are determined per order and acceptance of the order by us. Cash customers, either customers who deposit funds into their dedicated account on our system or customers who reserve funds to our benefit on their own bank account via our system agrees to a first payment of 10% of the order value at date of delivery and the remainder of the amount due on the date as per the order. Credit customers, customers for whom credit insurance could have been put in place successfully by us, agrees to a first payment of 10% of the order value before we process the credit facility against which the order can be place. We shall inform the client of the first payment due. The remainder of the order is payable on the date as agreed on the order. Buyers shall not, for any reason whatsoever, be entitled to deduct or set off any amount from or against amounts due as indicated in our accounts, unless such Buyers have been given prior written authority to do so. We shall be entitled to claim and be paid interest at the current ABSA Bank prime overdraft rate on any account which is not paid on or before due date.

  8. Legal charges

    In the event of our taking any steps against the Buyer to recover any monies owing to us by the Buyer, the latter shall pay all tracing, collection and legal fees (as between attorney and client) incurred by us in our efforts to recover such monies.

  9. Interpretation of contract

    This agreement shall be interpreted in terms of and governed by South African Law.

  10. Delay or impossibility of performance

    We shall have the right to suspend the delivery of any of the goods to be supplied by us to the Buyer in terms of the contract of sale to the extent and for as long as such delay is caused by or attributable to any circumstances beyond our reasonable control, including, but not limited to, war sanctions, rebellions, strikes, breakdowns of machinery, civil commotion, inadequate supply of trucks, other transport, labour, raw material, floods, storms, official and unofficial boycotts or acts of State. Should the period of delay exceed two months, either party shall have the right to cancel, wholly or in part, the deliveries which should have been affected during the said period. The party who wishes to avail himself of the rights mentioned above, shall without delay notify the other party to such effect by means of a written communication. Neither party is responsible for any direct or indirect damage or loss that may be caused to the other party in consequence of the fact that deliveries are postponed or cancelled under the aforesaid circumstances. The delivery of all products offered is subject to the Buyer obtaining the necessary transportation authorisation

“When knowledge, both inherited and gained, is used to determine one’s choices, better decisions are made.” Purchasing inputs via Oté gives farmers an opportunity to use their knowledge, planning and infrastructure to their advantage. WHAT ARE THESE OPPORTUNITIES? Combined buying power Fertiliser is a volume game where you can negotiate the best prices if you have the volumes to make it attractive for overseas suppliers and importers. Oté has developed a platform for farmers, not only in a specific region, but nationally to combine their tonnages and give them the best chance to buy at the lowest price. Buying at the right time vs just-in-time (JIT) What is clear from the information on our trends page is that there is usually a time every year when the price of fertiliser is much lower than what it is during traditional buying times. This I usually at this point when prices are at their lowest when traditional fertiliser suppliers buy the product and then sell it at huge profit margins when prices are higher. Fixed transaction cost vs profit margins A low overhead structure makes it possible for Oté to only charge a fixed transaction fee whereas traditional fertiliser suppliers charge much higher profit margins. It is not necessary for Oté to recover high overheads, marketing cost and infrastructure costs in our price and therefore it is possible to only charge a fixed transaction fee. Buying bulk vs bagged You immediately save a minimum of R190 per tonne on bagging cost. Furthermore, in most areas side-tipper trucks are more available than flat-deck trucks and the saving on using a side-tipper truck versus a flat-deck truck is at least R100 per tonne. Straights vs blends You will immediately save at least R80 per ton on blending cost. Furthermore, straight fertiliser allows you to fix a particular nutrient deficiency in your yield without compromising the other elements of the crop. Excessive fertilising not only over saturate plants in nutrients and may potentially pollute the soil, but also waste money. Payment terms Financing costs add to the already high input cost of farmers. The overseas suppliers offer extended payment terms at international interest rates that are considerably lower than local interest rates and that will ultimately save the farmer money. Furthermore, one of the functionalities of the G-PAY™ system that Oté uses to secure the farmer’s funds is to only reserve funds on the farmer’s overdraft which means that the farmer will not pay interest until such time that the money is paid to Oté.
Lower prices always raise the question of quality. We know that farmers cannot work with inferior quality fertiliser therefore the following is important for farmers to know Our suppliers are the same suppliers that the traditional fertiliser suppliers and blenders source their product from. Not only is it the same suppliers, but also the same product. Every product comes with a specification sheet from the supplier that set out the specifications of the product that the farmer can expect. Every product comes with a guarantee from the supplier should it not meet the specifications on the specification sheet.
SAFE PAYMENT via G-PAY™ Oté uses G-PAY™, an independent third-party payment platform, to ensure that a farmer’s funds remain safely reserved in his/her own bank account until the product is safely delivered.  This means that farmers do not risk paying for products that never gets delivered.  By reserving the funds Oté can warrants payment of its suppliers. G-Pay™ is an industry-leading, online guaranteed payment solution that effectively manages risk. With its host-to-host integration with the four major banks in South Africa and one African Bank, it has developed the unique ability to verify, reserve and lock funds on bank accounts at any of these banks. After the product was delivered at the farm, the farmer uses G-PAY™ to confirm that the product was delivered in good order and the quantity on the despatch note handed over by the trucker. Oté always tries to negotiate extended payment terms with suppliers based on the secure payment of reserved funds.  When extended payment could be negotiated only 10% of the reserved funds are paid out after successful delivery.  The remaining funds remain in the farmers bank account until the agreed due date, saving the farmer on interest cost.
Oté make use of reputable transport companies with experience in the transportation of fertiliser to deliver the fertiliser on the farm.
  • OUR VISION
  • OUR MISSION
  • OUR VALUES

It is our vision to play an instrumental role in changing the way farmers procure fertiliser in order for them to farm profitably by obtaining the best possible price for inputs while eliminating the risk of buying.

It is our mission to create a state of the art online business where farmers can procure fertiliser at the best price, regardless of their location or seasonal patterns.

The Oté model was developed with our farmers in mind, first. We therefore endeavour to offer a secure yet transparent, risk free service to our farmers.

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