Improved affordability of agricultural fertiliser is set to prompt a recovery in demand and application rates by farmers next season, Rabobank says in a recently-released report. In its Australian Fertiliser Outlook 2024/25, the specialist agribusiness bank says Australian farm fertiliser consumption had declined 20 per cent in 2022, as the agricultural sector grappled with historically-high prices for farm inputs, driven by factors including Covid and the Russia-Ukraine war. However, with prices now returning to more average levels and farmers seeking to replenish soil nutrients, another potentially good winter crop planting next year should see a strong recovery in fertiliser demand, according to report author, Rabobank farm inputs analyst Vitor Pistoia.

https://www.miragenews.com/australian-farm-fertiliser-demand-application-1078396/

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