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The European Commission's short-term outlook report says the war in Ukraine continues to weigh on EU agricultural markets through high input costs and food inflation. Winter droughts after a hot, dry summer have further strained water availability in regions with record-low reservoirs.
Fertiliser and energy prices remain about twice their early-2020 levels, though they are easing from 2022 peaks.
Lower nitrogen fertiliser costs and reduced fertiliser use shift farm input economics and planting choices, which can affect feed grain supply. Persistent input costs keep upward pressure on feed production costs for buyers.
agriculture.ec.europa.euDirectorate-GeneralMar 30, 2023After 42 past bearish report events, Urea moved a median +0.3% over 5 sessions (57% higher; middle half -1.9% to +3.3%), and +2.9% over 20.
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.
