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The Freedonia Group forecasts US phosphate rock demand to fall 2.1% per year through 2025 as the mature US fertilizer market and shift to higher-analysis products reduce tonnage. Animal feed phosphate demand is expected to decline 1.2% annually due to competition from phytase.
Long-term declining US demand is a bearish outlook for phosphate rock, though it is a multi-year forecast rather than a near-term price driver.
prnewswire.comThe Freedonia GroupAug 4, 2021Not 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.
