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Incitec Pivot Fertilisers' chairman designate said global fertilizer prices are expected to stay at least $100 a tonne above the past decade's average over the next eight years. Independent research forecasts DAP, urea and ammonia will fall from current levels but remain elevated.
A long-term forecast of prices well below current peaks but above historical averages suggests sustained elevated input costs for feed producers. The outlook implies a gradual decline in nutrient prices rather than a sharp reversal.
farmonline.com.auAndrew MarshallSep 11, 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.
