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Nutrien's president said the fertilizer market is stabilizing after 18 months of volatility and expects relative price stability through the rest of 2023. Urea and anhydrous prices had fallen about 40 to 42 percent since spring 2022, and retailers were buying cautiously.
Supply constraints remain in European nitrogen plants and in potash from Russia and Belarus.
Stabilizing fertilizer prices reduce uncertainty for farm input budgets, though supply constraints limit how far prices can fall. The outlook points to a flat-to-neutral fertilizer price path.
producer.comSean PrattJun 1, 2023Not 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.
