RE:RE:TIME TO UNLOAD IFOS and OTHER FERTILIZER STOCKSDon't know where you are getting your data but USDA quote below ,among others don't share that view:
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Global phosphorus fertilizer production actually increased from 2021 to 2022, Cross said. And while nitrogen and potash production were curtailed somewhat during this time, the large drop-off in production was never seen, she said. "Global fertilizer production is expected to increase in 2023 with urea capacity up 2% and phosphorus production 7% higher," Cross said. "Potash production is expected to fall about 14%, but it would only be about a 5% drop compared to 2019."