
Mosaic's Brazil country manager said phosphate and potash prices are unlikely to fall in the short term and could rise further. Sulfur, a key phosphate input, has surged from about $150 to $500 a ton over four months.
Russian sulfur output has also been disrupted by the conflict with Ukraine.
Higher sulfur costs raise the production cost of phosphate fertilisers, supporting firm prices for Brazilian buyers through the coming season. Sluggish purchases for second-crop corn and soybeans limit the upside.
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.