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Rabobank data show international urea prices fell 15%, DAP 35% and potash 39% since January 2023. CBH Group expects 2024 phosphate and potash prices to be significantly lower, with urea possibly bottoming out in the coming months.
Expectations of lower phosphate and potash prices in 2024 point to easing fertilizer input costs for feed-grain producers, though near-term urea may firm.
farmweekly.com.auJasmine PeartAug 8, 2023Not 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.
