August Market Update
Attractive Grower Economics
Attractive fertilizer prices, combined with elevated ag commodity prices, imply fertilizer affordability metrics that have
historically been conducive to demand
1.60
1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
M₁
15
Plant Nutrient Affordability
Ferts Price Index / Crop Price Index
16
Less Affordable Fertilizers
tim
More Affordable Fertilizers
17
18 19 20 21 22
Affordability Metric
23
-Average (2010-present)
Source: Weekly Price Publications, CME, KLSE, USDA, AAPFCO, Mosaic
Fertilizer prices as of July 27, 2023
MOSAIC CONFIDENTIAL
1.4
1.2
1.0
0.8
0.6
0.4
0.2
0.0
15
SE Asia MOP/CPO Price Ratio
(MOP/CPO)
16 17
Less Affordable Fertilizers
Amaz
More Affordable Fertilizers
18 19
20 21
22
23
Mosaic
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