Expect ‘Healthier Supply’ of Fertilizers

Key commodity growing markets in the US and Brazil can expect a “healthier supply” of fertilizers than last year, according to the latest Rabobank North American Agribusiness Review.

Growers may also see “further downward price pressure” on phosphates and potash, as the market adjusts to the Russia-Ukraine conflict; Russian potash and phosphate are “flowing out more fluidly” and domestic intermediaries are “comfortable enough” on supply.

News is a little less optimistic for nitrogen, with base case forecasts predicting a 20% to 30% price increase at the wholesale level between now and the end of the year.

Source: Agriculture.com