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International fertilizer prices, except potassium chloride, reached their highest levels in more than 24 months in March 2021. Gains were driven by pandemic-related low stocks, rising natural gas prices, and early northern-hemisphere demand, while potash fell about 7.8% over the year.
Higher nitrogen and phosphate costs raise input costs for grain and oilseed production, which can curb future acreage or fertilizer application and support crop prices, while firm energy costs add upward pressure on fertilizer.
farmersweekly.co.zaAnnelie ColemanApr 12, 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.
