After a year of price volatility for agricultural inputs, 2023 is set to be a “normal” year for fertilizer and pesticide costs, an official at top Canadian fertilizer maker Nutrien told Reuters.
“The war in Ukraine generated all sorts of expectations around a shortage of products. After May, prices began to fall,” Nutrien CEO for Latin America Andre Dias said. He added that 2023 will be a more normal year with less volatility than 2022, with a more “settled” market despite what Dias said was expected Russian surcharges on fertilizers.
