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The World Bank blog says fertilizer prices have eased from early 2022 peaks but remain historically elevated. Weak demand from affordability and availability problems, European ammonia production cuts, and sanctions on Russia and Belarus continue to weigh on supply.
Easing nitrogen and phosphate costs lower feed grain production costs over time, but persistent supply constraints limit how far prices can fall for farmers.
blogs.worldbank.orgJohn Baffes, Wee Chian KohJan 5, 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.
