Understanding the resilience of fertiliser markets to shocks
An overview of fertiliser policies
In the wake of significant price increases in 2021 and 2022, countries introduced
new or revised their fertiliser policies, further complicating the policy landscape
in a highly concentrated market susceptible to supply disruptions. This report takes
stock of the variety of policies in place and develops a framework for their classification
and analysis. Key insights include the evolution and composition of farmer support
estimates for mineral fertiliser use, the generally low or zero import tariffs reflecting
high import dependence, and the non-transparent and frequently changing export restrictions
imposed by major exporters. The analysis also shows a clear shift in policies from
supporting mineral fertilisers to reducing their use or supporting organic fertiliser
production and use. Yet, despite the potential of organic fertilisers, expanding their
use and development will require substantial investment, changes in farm management,
and policy adjustments.
Available from June 27, 2024
In series:OECD Food, Agriculture and Fisheries Papersview more titles