FARM fertiliser “affordability” is starting to improve across the globe, with a likely recovery in application in some regions in 2023, according to a recent Rabobank report.
In most cases, global demand will take some time to return to pre-pandemic levels; However in Australia, the drop in farm input prices is greater than that of commodity prices, and this is slowly improving farmers’ buying power, Rabobank analyst Vitor Pistoia said
Rabobank’s Semi-annual Fertiliser Outlook report said in Australia, in recent years, fertiliser demand had grown…