Bank of Canada Survey Highlights Fertilizer Preparedness Amid Ongoing Conflict

The Bank of Canada's first-quarter Business Outlook and Consumer Expectations Survey reveals that most farmers have already secured the necessary fertilizers for the current planting season. According to Jin10, the long-term price trajectory of fertilizers will largely depend on the duration of the ongoing conflict. The survey underscores the agricultural sector's preparedness in the face of geopolitical uncertainties, highlighting the potential impact of prolonged hostilities on commodity prices.