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Fertilizer prices are returning toward historical averages after two turbulent years driven by the Russia-Ukraine conflict and high energy costs. Rabobank's affordability index is forecast to rise from 0.25 to 0.30 by December, and urea is already below its historical level.
Nitrogen and phosphate prices are expected to keep declining as gas costs fall.
Improving fertilizer affordability eases margin pressure on farms that buy inputs, while falling gas costs weigh on nitrogen production economics. The outlook is for gradual declines rather than a sharp drop.
thegrocer.co.ukMaria GonçalvesJun 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.
