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A World Bank-linked blog says fertilizer prices have tripled since early 2020 and remain out of reach for many Sub-Saharan African farmers. It cites war-related export disruptions and export restrictions by several countries as factors.
Export restrictions and high fertilizer costs in developing markets may cut future crop output, supporting grain demand over the longer run.
nl4worldbank.orgNL4WorldBankJan 10, 2023After 205 past bullish geopolitics events, Urea moved a median +0.4% over 5 sessions (53% higher; middle half -2.1% to +3.0%), and -0.4% over 20.
After 114 past bullish geopolitics events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.3% to +1.2%), and +0.3% 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.
