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Bloomberg reported that fertilizer prices fell as gluts emerged after farmers pulled back on purchases. The decline follows record highs earlier in the year, driven by sanctions on Belarus and Russia's war in Ukraine.
Global fertilizer firms had stockpiled product to avoid supply disruptions and trade restrictions.
Excess fertilizer inventories and weak buying push nutrient prices lower, reducing farm input costs. Price relief on urea and other nutrients may ease margin pressure for growers.
ukragroconsult.comOct 19, 2022
bloomberg.comElizabeth Elkin, Tarso VelosoOct 18, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
