Global shocks to fertilizer markets: Impacts on prices, demand and farm profitability

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cg.authorship.typesCGIAR single centreen
cg.contributor.affiliationInternational Food Policy Research Instituteen
cg.contributor.donorUnited States Agency for International Developmenten
cg.contributor.donorEuropean Unionen
cg.contributor.donorCGIAR Trust Funden
cg.contributor.initiativeRethinking Food Markets
cg.creator.identifierRob Vos: 0000-0002-4496-080X
cg.creator.identifierJOSEPH GLAUBER: 0000-0003-0284-439X
cg.creator.identifierBrendan Rice: 0000-0001-6033-2937
cg.howPublishedFormally Publisheden
cg.identifier.doihttps://doi.org/10.1016/j.foodpol.2024.102790en
cg.identifier.projectIFPRI - Food Security Portal
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Unit
cg.identifier.projectIFPRI - Communications and Public Affairs
cg.identifier.projectIFPRI - Director General's Office
cg.identifier.publicationRankA
cg.isijournalISI Journalen
cg.issn0306-9192en
cg.journalFood Policyen
cg.reviewStatusPeer Reviewen
cg.subject.actionAreaSystems Transformation
cg.subject.impactAreaNutrition, health and food security
cg.volume133en
dc.contributor.authorVos, Roben
dc.contributor.authorGlauber, Joseph W.en
dc.contributor.authorHebebrand, Charlotteen
dc.contributor.authorRice, Brendanen
dc.date.accessioned2025-01-15T17:25:55Zen
dc.date.available2025-01-15T17:25:55Zen
dc.identifier.urihttps://hdl.handle.net/10568/169136
dc.titleGlobal shocks to fertilizer markets: Impacts on prices, demand and farm profitabilityen
dcterms.abstractDuring 2021–2022, spiking fertilizer prices raised fears that fertilizer application would drop around the world, leading to lower crop production, higher food prices, and greater food insecurity. Even writing mid-2024, a paucity of data impedes a full assessment of how the underlying global market shocks may have affected farmers and food production around the world. Using proxy indicators for fertilizer demand and farm profitability, we find that despite the steep increase in input costs, global demand for fertilizer fell only modestly during the 2022–2023 crop cycle, suggesting many (commercial) farmers were able and willing to absorb increased input costs in the context of generally good harvest prospects and, at the time, high crop prices. However, we also find the fertilizer price spikes have not been felt equally, with many farmers in Africa estimated to have been affected more adversely, even though with varied impacts also amongst those farmers.en
dcterms.accessRightsOpen Access
dcterms.audienceAcademicsen
dcterms.available2024-12-24
dcterms.bibliographicCitationVos, Rob; Glauber, Joseph W.; Hebebrand, Charlotte; and Rice, Brendan. 2025. Global shocks to fertilizer markets: Impacts on prices, demand and farm profitability. Food Policy 133(May 2025): 102790. https://doi.org/10.1016/j.foodpol.2024.102790en
dcterms.issued2025-05
dcterms.languageen
dcterms.licenseCC-BY-NC-ND-4.0
dcterms.publisherElsevieren
dcterms.relationhttps://www.ifpri.org/blog/russia-ukraine-war-after-year-impacts-fertilizer-production-prices-and-trade-flows/en
dcterms.relationhttps://www.foodsecurityportal.org/node/2733en
dcterms.subjectshocken
dcterms.subjectfertilizersen
dcterms.subjectmarketsen
dcterms.subjectpricesen
dcterms.subjectprofitabilityen
dcterms.subjectglobal value chainsen
dcterms.subjectsupply chain disruptionsen
dcterms.typeJournal Article

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