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Rabobank's preliminary estimate projects nearly a 5% rise in global fertilizer use in 2024, with nitrogen applications up 4% and potash use strengthening. Its Affordability Index shows better conditions for buying fertilizer than a year earlier.
Stronger fertilizer demand and improved affordability support nitrogen and potash prices, which feed through to grain production costs.
potatobusiness.comIonel Vaduva, Tudor VintiloiuFeb 12, 2024After 76 past bullish report events, Urea moved a median 0.0% over 5 sessions (49% higher; middle half -2.2% to +2.9%), and -0.3% 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.
