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

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cg.authorship.typesCGIAR single centre
cg.contributor.affiliationInternational Food Policy Research Institute
cg.contributor.donorUnited States Agency for International Development
cg.contributor.donorEuropean Union
cg.contributor.donorCGIAR Trust Fund
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 Published
cg.identifier.doihttps://doi.org/10.1016/j.foodpol.2024.102790
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 Journal
cg.issn0306-9192
cg.journalFood Policy
cg.number102790
cg.reviewStatusPeer Review
cg.subject.actionAreaSystems Transformation
cg.subject.impactAreaNutrition, health and food security
cg.volume133
dc.contributor.authorVos, Rob
dc.contributor.authorGlauber, Joseph W.
dc.contributor.authorHebebrand, Charlotte
dc.contributor.authorRice, Brendan
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.audienceAcademics
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.publisherElsevier
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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