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CropLife's 2023 survey shows fertilizer revenue among the top 100 ag retailers fell from $23.4 billion in 2022 to $22.4 billion in 2023, and its share of crop input sales dropped from 51% to 48%. Retailers attribute the decline to fertilizer prices falling back from peak levels.
Falling fertilizer prices reduce input costs for livestock and feed producers, but weaker retail demand indicates growers cut back on applications.
croplife.comEric SfiligojDec 20, 2023Not 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.
