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CRU discusses the importance of fertilizer price transparency for Africa, noting low application rates of 25 kg per hectare in Africa versus about 185 kg across top consumers. It also mentions Africa's role as a growing importer and exporter of fertilizers.
Long-term structural demand growth in Africa could support fertiliser consumption, but the article describes no immediate price impact.
crugroup.comAuthor Ben Farey FertilizersMay 10, 2017After 113 past macro events, Urea moved a median 0.0% over 5 sessions (48% higher; middle half -2.0% to +3.3%), and +3.7% over 20.
Not enough comparable past events yet for a historical read.
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.
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.
