An executive at the top Canadian fertilizer manufacturer Nutrien said that 2023 is likely to be a “typical” year for fertilizer and pesticide costs after a year of volatility in farm input prices. André Dias, director-president of Nutrien for Latin America, said that the situation in Ukraine caused industry-wide worries and initially raised fertilizer prices this year. “The conflict led to a variety of predictions regarding commodity scarcity. Prices began to decline after May, he claimed, adding that the worth of inputs had decreased by 50%. Despite what Dias said is likely Russian levies on fertilizers, he said that 2023 will be a more typical year, with less volatility than 2022 and a more “settled” market.
Sources: Global Fert/Mining.com (*Translated by Ia Niani)