Global Fertilizer Supplies to Outweigh Demand, Rabobank Says
While global fertilizer supplies appear set to outweigh demand, the forecast for pricing for the first quarter of 2015 "looks rather cloudy" according to a new report on the global fertilizer industry by Rabobank's Food & Agribusiness Research and Advisory group.
The report, which looks at issues of price, supply and demand in key agricultural markets, says that lower farmer margins will prompt farmers to be more prudent in fertilizer applications, but "strong demand destruction" is unlikely. Spring demand in the Northern Hemisphere will prevent prices from slipping significantly, the bank said.
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