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A South African market review covering developments since June 2024 says natural gas prices have shown lower daily volatility. The TTF index averaged EUR 32/MWh in 2024 to early November, down EUR 8 from the same period in 2023.
Global fertilizer output is expected to be broadly steady in 2024, with phosphate production slightly lower.
Cheaper and more stable natural gas lowers ammonia and nitrogen fertilizer production costs. That eases pressure on nitrogen fertilizer prices.
farmingportal.co.zaNov 22, 2024Not 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.
