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Turkish fertiliser prices rose sharply, with factory-gate prices up over 65% and farm-level increases near 90% according to farmer groups. Urea, DAP and compound fertiliser prices roughly doubled compared with a year earlier.
The agriculture ministry summoned the heads of the seven largest fertiliser producers to demand price cuts.
Steep fertiliser cost increases in Turkey pressure farm margins and may reduce application rates, affecting future crop output and feed grain demand. Government intervention may partially restrain prices.
odatv.comJan 25, 2021After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
