Outlook for International Prices of Fertilizers, Raw Materials and ...
Outlook for International Prices of Fertilizers, Raw Materials and ...
Outlook for International Prices of Fertilizers, Raw Materials and ...
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CORN NETBACKS v UREA<br />
$ s/ton NOLA<br />
600<br />
$/bushel<br />
6<br />
500<br />
5<br />
400<br />
300<br />
corn netbacks to US farmers<br />
4<br />
3<br />
200<br />
2<br />
100<br />
0<br />
urea price<br />
91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10<br />
1<br />
0<br />
FERTECON /FAI Hyderabad December 2009 31<br />
STRONG AG MARKETS<br />
FORECAST<br />
The USDA is <strong>for</strong>ecasting continued growth in<br />
ag export trade<br />
Forward crop prices are higher than current<br />
levels<br />
There has been a step change – recent very<br />
high crop prices were not sustainable – but<br />
nor were the low prices <strong>of</strong> the late 1990s<br />
FERTECON /FAI Hyderabad December 2009 32<br />
16
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