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Fitch Ratings cut its 2023 ammonia, 2023-2024 urea and 2023-2024 potash price assumptions. The cuts reflect lower gas feedstock prices, surplus supply from new capacity and slower demand recovery.
Lower forecast nitrogen and potash prices point to cheaper fertilizer inputs for farmers, with new capacity and a possible Chinese export increase adding downside risk.
worldfertilizer.comEmily ThomasMar 16, 2023worldfertilizer.comEmily ThomasMar 16, 2023Not 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.
