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The Philippine Department of Agriculture, the Fertilizer and Pesticide Authority and the Fertilizer Industry Association of the Philippines met virtually on November 17, 2021 to address rising fertilizer prices. Industry representatives said European gas shortages cut domestic fertilizer output there, and China curtailed fertilizer exports as energy costs rose.
Tighter global nitrogen and phosphate supply from Europe and China keeps fertilizer costs elevated, which raises production costs for feed grain growers and can shift planting decisions toward lower-input crops.
fpa.da.gov.phICT AdminNov 19, 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.
After 318 past bullish policy events, Corn moved a median -0.1% over 5 sessions (48% higher; middle half -1.4% to +1.5%), and -0.2% 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.
