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An S&P Global guest column questions whether industrial agriculture and fertilizer demand have peaked. It cites slower expected food demand growth from the FAO, stricter environmental rules, and a global fertilizer market worth about $200 billion.
The author describes modest fertilizer consumption growth in 2018.
This is general analysis with no new supply or demand shock, so it gives little direct price signal for feed inputs. Slower long-run demand growth is a mild bearish backdrop for fertilizer.
spglobal.comOct 29, 2018Not 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.
