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Nutrien said the expected nitrogen price rebound has been delayed about a year because COVID-19 cut industrial demand, and new supply was also pushed out. The company expects potash prices to rise in 2021 as supplies tighten, with phosphate also seen recovering.
A later nitrogen recovery keeps urea and ammonia costs lower for longer, while tightening potash and phosphate supply points to firmer input prices for feed producers.
farmtario.comSean PrattDec 29, 2020Not 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.
