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European farmers are paying £185 to £255 per tonne more for fertilizer than farmers in most other food-producing countries, with UK DAP near £925/t. CRU analysts said fertilizer prices may have peaked and phosphate and potash could fall over the next 12 months as demand drops 10 to 40% in some markets.
Demand destruction and expected redirection of phosphate exports toward Europe point to softer phosphate and potash prices ahead, lowering future input costs for feed producers.
thescottishfarmer.co.ukJohn SleighSep 30, 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.
CRU's view on 2022-09-30 that phosphate prices may have peaked and could fall as demand drops 10-40% is a bearish sentiment signal that coincides with the DAP drop.
