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

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cg.authorship.typesCGIAR single centreen_US
cg.contributor.affiliationInternational Food Policy Research Instituteen_US
cg.contributor.donorUnited States Agency for International Developmenten_US
cg.contributor.donorEuropean Unionen_US
cg.contributor.donorCGIAR Trust Funden_US
cg.contributor.initiativeRethinking Food Marketsen_US
cg.creator.identifierRob Vos: 0000-0002-4496-080Xen_US
cg.creator.identifierJOSEPH GLAUBER: 0000-0003-0284-439Xen_US
cg.creator.identifierBrendan Rice: 0000-0001-6033-2937en_US
cg.howPublishedFormally Publisheden_US
cg.identifier.doihttps://doi.org/10.1016/j.foodpol.2024.102790en_US
cg.identifier.projectIFPRI - Food Security Portalen_US
cg.identifier.projectIFPRI - Markets, Trade, and Institutions Uniten_US
cg.identifier.projectIFPRI - Communications and Public Affairsen_US
cg.identifier.projectIFPRI - Director General's Officeen_US
cg.identifier.publicationRankAen_US
cg.isijournalISI Journalen_US
cg.issn0306-9192en_US
cg.journalFood Policyen_US
cg.reviewStatusPeer Reviewen_US
cg.subject.actionAreaSystems Transformationen_US
cg.subject.impactAreaNutrition, health and food securityen_US
cg.volume133en_US
dc.contributor.authorVos, Roben_US
dc.contributor.authorGlauber, Joseph W.en_US
dc.contributor.authorHebebrand, Charlotteen_US
dc.contributor.authorRice, Brendanen_US
dc.date.accessioned2025-01-15T17:25:55Zen_US
dc.date.available2025-01-15T17:25:55Zen_US
dc.identifier.urihttps://hdl.handle.net/10568/169136en_US
dc.titleGlobal shocks to fertilizer markets: Impacts on prices, demand and farm profitabilityen_US
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_US
dcterms.accessRightsOpen Accessen_US
dcterms.audienceAcademicsen_US
dcterms.available2024-12-24en_US
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_US
dcterms.issued2025-05en_US
dcterms.languageenen_US
dcterms.licenseCC-BY-NC-ND-4.0en_US
dcterms.publisherElsevieren_US
dcterms.relationhttps://www.ifpri.org/blog/russia-ukraine-war-after-year-impacts-fertilizer-production-prices-and-trade-flows/en_US
dcterms.relationhttps://www.foodsecurityportal.org/node/2733en_US
dcterms.subjectshocken_US
dcterms.subjectfertilizersen_US
dcterms.subjectmarketsen_US
dcterms.subjectpricesen_US
dcterms.subjectprofitabilityen_US
dcterms.subjectglobal value chainsen_US
dcterms.subjectsupply chain disruptionsen_US
dcterms.typeJournal Articleen_US

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