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PhosAgro reported that global phosphate-based fertilizer prices have recovered considerably in the first two months of 2020 from minimum levels. The recovery is attributed to the approaching spring season, announced production cutbacks by leading producers, and possible Chinese export restrictions.
Firmer phosphate prices raise input costs for feed-grain and oilseed growers and signal tighter fertilizer supply heading into spring application, which can support crop prices over time.
fertilizerdaily.comElena ShalashnikFeb 27, 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.
