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Industry experts say global mineral fertilizer supply and demand remain relatively stable during the pandemic, with many governments designating fertilizers as essential. The International Fertilizer Association warns of possible seasonal disruptions from supply chain problems, labor shortages and farmer cash constraints.
Stable supply limits near-term price pressure, but labor and cash constraints could reduce future fertilizer purchases and affect crop input costs.
agribusinessglobal.comJackie PucciApr 14, 2020After 10 past neutral macro events, Urea moved a median -0.3% over 5 sessions (40% higher; middle half -0.7% to +2.5%), and -3.9% over 20.
After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
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.
