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Integer Research analyst Ibi Idoniboye said phosphate prices recovered in the first half of 2017 but are unlikely to rise further as new projects add supply. The fertiliser market is described as long on supply and short on demand.
Expected new phosphate supply and weak demand point to sustained pressure on fertilizer prices, which lowers crop input costs over time. This has little direct effect on feed ingredient prices.
mining-journal.comJacqueline HolmanSep 13, 2017Not 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.
