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Phosphate and potash prices have risen sharply since late 2020 due to tight supplies, strong demand and geopolitical uncertainty in key producing nations. Mosaic said inventories are not building, so prices will likely stay elevated longer than expected.
Brazilian farm margins are also under pressure from costly fertilizer despite record crop profits.
Persistently high phosphate and potash costs raise production expenses for feed grains and oilseeds, which can curb planted area and support crop prices over time.
bloomberg.comFabiana BatistaJul 7, 2021Not 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.
