Research funded by AHDB and led by ADAS is examining how phosphate behaves in soil to enable more efficient fertiliser use. Phosphate price volatility linked to political instability in North Africa, where much phosphate is produced, is cited as a reason to reduce reliance on maintaining high soil phosphorus levels.
Improved phosphate efficiency could over time reduce demand growth for phosphate fertiliser, but the research is early and has no immediate price effect.
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.