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Updated to Q3 2020
Producers will be focusing on Europe in Q3 as harvest has started in most regions following some unfavourable weather conditions earlier in the year. Producers from Russia, North Africa and the Middle East and especially Egypt have started shipping product to the continent for the summer season. Farmers have started making purchases and despite the fact that yields might be lower than last year, product affordability is in favour of the farmer.
Q3 demand is expected to be slow, as farmers have been affected by bad weather conditions and logistics constraints due to lockdowns. However, they need to buy product for the summer and get ready for the autumn and the new campaign. This, together with lower phosphates prices than last year, is expected to keep demand at steady levels, if only a little lower than 2019.
With crops fertilized, supply is expected to decrease to some degree as the spring season is over and attention has now turned towards summer maintenance. The US market will not start to require more volumes until late in this period, ahead of the impending crop harvest and the subsequent fall applications.
With the prime application period over, the demand for phosphates will decrease subsequently outside of any late crop needs that might emerge, or efforts to undertake fill purchasing if values are deemed favourable. Fall input buying should start late in this quarter.
Phosphate fertilizers news and market information products from ICIS
We offer the following regional Phosphate fertilizers analysis and news coverage to keep you informed of factors and developments affecting prices in the Europe & US Phosphate fertilizers marketplace.
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