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The World Bank projects fertilizer prices will average more than a quarter higher in 2021 than in 2020 before easing in 2022. Phosphate and urea prices soared on strong demand and higher input costs such as sulfur, ammonia and natural gas.
Potash prices remained broadly stable.
Sustained high phosphate and urea prices raise input costs for grain and feed producers and can squeeze farm margins. Expected easing in 2022 suggests the pressure is temporary.
blogs.worldbank.orgJohn Baffes, Wee Chian KohJun 8, 2021After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% over 20.
After 66 past bullish report events, DAP moved a median 0.0% over 5 sessions (41% higher; middle half -0.6% to +0.7%), and +0.3% over 20.
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.
