Brazilian rural producers are likely to have good news in 2023. This is because fertilizer prices should fall, according to Luigi Bezzon, a market intelligence analyst in the fertilizer sector at StoneX. According to the analyst, fertilizer prices shoot up in 2022 as a result of the conflict between Ukraine and Russia. Bezzon pointed out that the values had already been adjusted downwards during the second half of the year. “The price is already half,” said the StoneX expert. “In terms of fertilizers, the outlook for 2023 is for a much less expensive crop,” said Luigi Bezzon. “And with far more readily available fertilizers than we saw this year,” he adds.
Source: Canal Rural (*Translated by Ia Niani)