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Hungarian sales data show fertilizer deliveries in October to December 2023 fell 13% year on year, while average sales prices were cut by almost half. Urea demand dropped by a third, while NPK 15-15-15, potash and MAP demand rose sharply.
Lower farm input costs and a shift in demand toward compound and phosphate products reflect the broader easing of fertilizer prices from 2022 peaks.
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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.