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The World Bank's fertilizer price index held steady in Q2 2024 after a 20% drop in Q1 and sits 24% below a year earlier. Phosphate rock fell 56% and potash 17% on improved production prospects and lower input costs.
Broadly lower fertilizer costs support farm margins and could ease feed-grain production costs, though China export restrictions and Belarus sanctions keep prices above pre-2020 levels.
blogs.worldbank.orgJohn Baffes, Kaltrina TemajJul 8, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 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.
