Geopolitical shifts drive fertiliser market volatility – Ravensdown
According to Ravensdown's most recent Market Outlook report, a combination of geopolitical movements and volatile market responses are impacting the global fertiliser landscape.
The latest example is the rocketing price of fertiliser.
A mate of yours truly reckons that while he was not surprised by news of fertiliser price increases, he was somewhat stunned by the claim from his fertiliser company that it was 'giving him plenty of warning' about prices going up.
Apparently, he was sent a message from said company on June 25 saying prices for all its fertiliser range were going up - some by more than $100/tonne - effective from June 26!
Already reeling from this news, his jaw dropped when the same message unbelievably said: "We wanted to give you as much time to plan ahead for your fertiliser requirements..."
Wow, a whole 24-hours in advance, thanks - for nothing!
