High global fertilizer prices caused demand destruction in 2022, with farmers scaling back on what inputs they decided to buy. The higher prices also enticed fertilizer producers to ramp up production, The decision of when to lock in input prices is always a gamble, and in 2023, those who opted to wait might feel like they won the lottery. Fertilizer and herbicide prices have been in a bit of a free fall since, a dramatic change from the price shock farmers faced in 2022 the price shift is being analysed by Rabobanks Sam Taylor. Read more here
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