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A GEP outlook projects the global fertilizer market to grow at a 3-5% CAGR over 2018-2024, driven by rising food demand. North America holds the largest revenue share at 50-55%, with nitrogen making up 55-60% of the market.
The report also notes that global ammonia, phosphoric acid and potash supply of about 270 million tons sits below capacity of 310-315 million tons.
A steady long-term growth outlook with supply running below capacity offers mild support for fertilizer prices, though the article gives no near-term price move. Feed buyers face little immediate effect.
gep.comDec 12, 2018Not 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.
