Rabobank

Global fertilizer markets are entering a new phase of contraction, as rising prices begin to weigh on demand.

According to a recent RaboResearch report, rising operating costs and falling agricultural commodity prices are once again squeezing field crop farm margins.

Wheat is the most traded grain globally, with an average of 216 million metric tons traded annually between 2021 and 2023.

Despite geopolitical uncertainty, fertilizer needs remain stable in regions such as Africa, Australia, South America, Europe, and the U.S.

Despite initial hopes for recovery, fertilizer demand has not sustained the growth observed in 2023, according to a new RaboResearch report.

An effective transition to a sustainable food system in Europe requires collaboration across the value chain, according to a Rabobank report.

Rabobank estimates suggest contracted margins persisted in ’23 and will continue into ’24 despite recent decreases in key operating costs.

A recovery in consumption is possible in some regions, with fertilizer prices lowering and commodity prices at historically high levels.

Brazil, Argentina, Ukraine, and the U.S. will benefit the most from this increase in global growth, according to a recent Rabobank report.

Fertilizer prices have reduced considerably in 2019, due to abundant supply and the lack of demand in important markets.