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Yara International said farmers are financially justified in cutting fertilizer use after soaring prices, and its Q1 deliveries fell 11% to 6.79m tonnes. Its trials show optimal nitrogen application rates about 10% lower than two years earlier.
Yara also cited a slight decline in its winter wheat yield estimate.
Reduced fertilizer application lowers demand for nitrogen products and may trim yields, leaving mixed pressure on fertilizer prices and grain supply.
grainpricenews.comMike VerdinApr 27, 2022Not 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.
