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Argus discusses the start of 2024 in South American fertilizer markets, noting slow purchasing in Argentina due to its political situation and poor liquidity in Paraguay tied to El Niño weather. Paraguayan ammonium sulfate import prices rose to about $260-270/t CFR as the import window narrowed for corn and wheat.
Slow South American fertilizer purchasing and El Niño-related weather risk point to weaker regional fertilizer demand, which could reduce planted acreage and affect later crop supply.
argusmedia.comAuthor ArgusFeb 2, 2024Not enough comparable past events yet for a historical read.
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.
