Loading…
Phosphate prices fell about 27% in 2019, from US$102.50 to US$74 per metric ton, after a poor application season and rising supply. The USGS projects global phosphate demand reaching 50.5 million tonnes by 2022, led by Africa, India and South America.
Producers are cutting output and reviewing business models.
Producer cuts and rising long-term demand could firm phosphate prices from low levels. Near-term prices are still weak, so the outlook is brighter mainly beyond 2020.
investingnews.comGeorgia WilliamsDec 31, 2019Not 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.
