The global fertilizer market: taking stock of a tightening market situation
Year of publication2022
AuthorJosef Schmidhuber
PublisherFAO
AbstractInternational fertilizer benchmark prices have risen throughout 2021, with many quotations reaching all- time highs. The most notable increases have been registered for nitrogen (N) fertilizer. Prices for urea, a key N fertilizer, have more than trebled over the past 12 months, e.g., nominal quotations for black sea spot prices (bulk) have risen from USD 245/tonne in November 2020 to USD 901/tonne in November 2021 (Figure 1), with much of the increase registered in the second half of the year.
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ThemeAgricultural Commodities and Development
Product typeDocument
Areas of workGlobal Commodity Markets