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Fertilizer prices in the world market continue to rise, with granular potash in Brazil reaching its highest level since 2009 after a $70/t jump in the week of 2 to 8 July. Brazil's potash imports in the first half of the year hit a record of just over 5 million tons, and phosphate prices are still climbing, though more slowly.
Record Brazilian import volumes and rising spot prices show strong demand for potash and phosphate, which keeps fertilizer costs high for buyers, although weakening demand at these prices may limit further gains.
richfield.com.uaJul 14, 2021Not 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.
