Global fertiliser prices are expected to settle in 2024 according to a Rabobank report. Rabobank’s Semi Annual Fertiliser Outlook says while escalating tensions in the Middle East create some uncertainty in the outlook for fertiliser markets, the current impact for the food and agri sectors is manageable. RaboResearch farm inputs analyst Vitor Pistoia says overall, farmers around the world may feel some impact due to potentially rising costs of energy and fertilisers as well as slightly lower import demand and prices for grains and oilseeds due to the Israel-Hamas conflict. He says if the conflict spreads to the broader Middle East/North African region, impacts on fertiliser supply – as well as grain, meat, and dairy demand – could be notable.
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