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Australian fertiliser sales are running behind the usual seasonal surge as growers wait for further price falls before winter-crop planting. Prices are about 25% below last year's peak but remain above the long-term average.
Western Australian despatches are slower, with peak seeding demand expected in March-April.
Delayed buying concentrates fertiliser demand into a shorter window, which can tighten transport and supply later in the season. Growers are still expected to buy because grain prices are holding up.
ukragroconsult.comFeb 7, 2023Not 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.
