FERTILIZER PRICES – Fertilizer prices to rise moderately in 2021 (Wee Chian Koh, John Baffes, World Bank blogs)

Although fertilizer prices have been resilient amid the pandemic, they have followed different paths. Phosphate and urea prices surged in the second of half of 2020 following losses earlier in the year, reflecting robust demand and higher input costs. Potash prices remain subdued due to oversupply. Fertilizer prices are projected to increase modestly by 3% in 2021, according to the October 2020 edition of the World Bank’s Commodity Markets Outlook.