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Rabobank reports that high global potash and phosphate prices caused significant fertilizer demand destruction in 2022. It expects global price declines to pull down US inland prices, potentially by 15% for phosphate and 25% for potash.
Lower fertilizer input costs ease farm margins and may shift planting economics, but weak demand signals reduced application rates. Downward pressure on phosphate and potash prices is the expected direction into 2023.
michiganfarmnews.comFarm News MediaDec 9, 2022Not 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.
