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A WorldCargo News feature says global fertiliser trade is in a period of lower prices and revenue growth due to surplus supply. The World Bank forecasts fertiliser prices could still rise 1% in 2017, and the piece cites long-term demand growth from rising population.
Surplus supply points to subdued fertiliser costs for feed grain producers in the near term, while long-run demand growth supports a gradual price recovery.
worldcargonews.comWCN EditorialMay 1, 2017After 10 past neutral macro events, Urea moved a median -0.3% over 5 sessions (40% higher; middle half -0.7% to +2.5%), and -3.9% over 20.
After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
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.
