Rabobank

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.