The Storm in World Fertilizer Markets Continues

John Beghin ()

No 329491, Cornhusker Economics from University of Nebraska-Lincoln, Department of Agricultural Economics

Abstract: This article updates the recent article on world fertilizer markets by Beghin and Nogueira (2021), which noted the perfect storm affecting global fertilizer markets through high demand, droughts affecting fertilizer supply, high fossil energy prices, covid-9-related supply-chain disruptions, and trade policies, all conspiring to elevate fertilizer nominal prices to levels not seen since 2008. In the last 10 months, the Ukraine-Russia war and associated trade sanctions have exacerbated the disruptions in fossil energy, grain, vegetable oil and fertilizer markets already present in 2021. On the more hopeful side, some US trade policy developments will help reduce US fertilizer prices. Trade restrictions put in place by some countries are concerning.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 4
Date: 2022-09-28
New Economics Papers: this item is included in nep-cis and nep-int
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nbaece:329491

DOI: 10.22004/ag.econ.329491

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