Global fertilizer prices are expected to decline by 10%

The “Half-year Commodity Outlook Report” recently published by the World Bank shows that fertilizer prices will drop by 10% at the end of the third quarter. The most significant drop was in urea and phosphate fertilizer products, especially the decrease in diammonium prices would exceed 10%. Other fertilizer prices will also fluctuate. According to experts, the reason for the decline in fertilizer prices at the end of the third quarter came from the follow-up response to a 3% drop in fertilizer prices in 2011 and 2012.