NEW YORK-Rabobank has published its latest quarterly report on the global fertilizer industry, looking at trends and outlooks for international markets.
The report by Rabobank's global Food & Agribusiness Research and Advisory team says that,
in the second quarter of 2012, agri-commodity and fertilizer markets were not immune to the bearish tone which enveloped global markets.
Rabobank says that the fertilizer complex is in a period of transition, and the focus is shifting from the northern hemisphere planting program to supply and demand fundamentals across the southern hemisphere and South Asia.
Rabobank sees limited upside potential for global nutrient markets in Q3 2012, but phosphate markets are the wildcard. Several factors on the horizon, especially Indian import demand, will be crucial in setting price direction given the importance to market balances.
A full copy of the report is available to the media upon request.