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Global fertilizer prices are falling as very high price levels curb demand. An Indian urea tender pushed Middle East netbacks down about $35 to below $700/t, Brazilian MAP fell up to $165/t over four weeks, and Brazilian potash hit a record of $1,150/t.
Easing nitrogen and phosphate costs ease input pressure for feed grains ahead of the slow northern season, though strong Brazilian potash prices keep a cost floor for the next crop cycle.
czapp.comStein Chingen HauganMay 17, 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.
Falling fertilizer prices across the board as high levels curbed demand, including a sharp drop in Brazilian MAP, signal weakening phosphate demand and a bearish sentiment shift.
Broad fertilizer price declines, including Brazilian MAP down up to $165/t, show very high prices curbing demand and pulling phosphate prices lower.
