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Rabobank's semi-annual Global Fertiliser Outlook says prices for nitrogen, phosphates and potash have gradually eased from 2022 highs but remain elevated historically. Muted global demand is expected to feed into prices over the next six months, with markets likely to stay volatile in 2025.
Easing but still-high fertiliser costs keep farmer input margins tight, which can curb planted area and feed-grain supply growth. Expected softer demand points to flat-to-lower fertiliser prices, with volatility persisting.
rabobank.com.auMedia Release DateSep 18, 2024After 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.
After 35 past bearish report events, DAP moved a median 0.0% over 5 sessions (37% higher; middle half -0.7% to +1.5%), and +0.6% over 20.
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.
