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DTN retail data shows fertiliser prices at their lowest in 15 months, with nitrogen products down 11-12% month on month. Urea fob US Gulf is down 16-17% and DAP is about 3% lower year on year, while potash is 12% cheaper.
Lower retail and wholesale fertiliser prices reduce crop production costs and may increase planting intentions. The downward trend in nitrogen and phosphate supports cheaper inputs for the coming season.
investing.comFeb 7, 2023Not 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.
Published on 2023-02-07, it reports fertilizer prices at 15-month lows with DAP lower and nitrogen and potash falling, which points to bearish sentiment across the complex that fits the DAP drop.
