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Phosphate fertilizer prices reached their lowest level of the year, according to Agrinvest Commodities, falling about 18.6% year-to-date to roughly $350 per ton from $430 in January. Producers are slowing purchases while waiting for better prices.
Slower farmer buying and falling phosphate prices point to continued softness in phosphate input costs, and analysts see the current level as a good time to negotiate.
williams.com.brMarcelo DamasioAug 7, 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.
