Loading…
A North American fertilizer price index tracked by Green Markets is down 21% from its late-March peak. Analysts attribute the drop to demand destruction and lower ammonia production costs.
Prices remain above pre-war levels.
Lower fertilizer prices reduce future crop production costs, which can ease pressure on corn and feed prices over time. The index is still well above pre-2022 levels, limiting how far costs can fall.
axios.comNathan BomeyMay 26, 2022Not 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.
North American fertilizer index down 21% from its March peak on demand destruction and lower ammonia production costs signals sentiment and input-cost-driven price deflation that pressured urea.
The North American fertilizer index is down 21% from its peak on demand destruction and lower ammonia costs, which supports the broad downward pressure.
The North American fertilizer index is down 21% from its peak on demand destruction and lower ammonia costs, consistent with the selloff.
