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The IFA reports that the global fertilizer market is still recovering from 2022 turmoil caused by sanctions, high raw material costs and export restrictions. Global fertilizer use fell to 185.1 million tonnes in 2022, about 15 million below the 2020 record, with West Asia and parts of Europe cutting use by at least 10%.
Nitrogen and phosphate have stabilized while potash remains disrupted.
Lower fertilizer application in key regions can trim future crop yields and supports grain price risk over time. Recent price declines ease input costs for feed producers, but supply disruption in potash keeps the outlook uncertain.
world-grain.comJun 16, 2023After 26 past neutral report events, Urea moved a median -0.4% over 5 sessions (42% higher; middle half -4.1% to +1.5%), and +0.9% over 20.
Not enough comparable past events yet for a historical read.
After 770 past neutral report events, Corn moved a median +0.2% over 5 sessions (54% higher; middle half -1.1% to +1.6%), and +0.7% over 20.
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.
