Global fertilizer prices for nitrogen and phosphorus ease due to market uncertainty and volatile energy markets.
Analyst Deepika Thapliyal reports that global fertiliser prices for nitrogen and phosphorus have eased due to market uncertainty, cautious buyers, volatile energy markets, and changing sustainability requirements. Although key nutrients like urea, nitrates, phosphates, and potash prices are lower compared to a year ago, ammonia and sulphuric acid levels are higher. Australian growers face tight regional availability with unplanned shutdowns in Malaysia and China prioritizing domestic prices.
June 09, 2024
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