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European mineral fertilizer prices have risen about 50% since the start of 2021, unusually continuing to climb after the usual early-summer decline. Drivers cited include energy costs tied to natural gas, shipping disruptions such as Suez Canal obstructions and Chinese port outages, and high grain prices that encourage heavier fertilizer use.
Higher natural gas, freight and grain prices are pushing fertilizer costs up sharply, which squeezes feed producers' input budgets and signals sustained upward pressure on nitrogen and phosphate prices.
zmp.deJul 1, 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.
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.
