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The International Fertilizer Association says fertilizer markets stabilized in 2023 and early 2024, with consumption recovering after two years of decline, especially for phosphate and potash. Shipping disruptions from the Red Sea and Panama Canal have been largely overcome, though risk and insurance costs remain.
A demand recovery supports fertilizer prices, while lingering freight and insurance costs keep delivered prices elevated. Improved affordability eases pressure on farm input budgets.
gpcachem.orgAJSep 27, 2024After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
After 28 past bullish macro events, DAP moved a median -0.2% over 5 sessions (36% higher; middle half -0.9% to +1.3%), and -0.8% 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.
