Loading…
A new report says fertilizer prices in Sub-Saharan Africa stayed elevated long after global prices fell from the 2021-22 spike. The gap, called the price wedge, is attributed to corruption, currency depreciation and high diesel costs.
Smallholder farmers in Kenya, Ghana, Malawi, Nigeria, Tanzania and Zambia are most affected.
The regional price wedge reflects local distribution and currency costs rather than global feed grain supply or demand. It has limited direct impact on world commodity prices.
hortinews.co.keAnita NkiroteOct 2, 2024After 150 past report events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.3% to +2.7%), and +1.6% over 20.
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.
