World Bank Fertilizer Price Index (Monthly)

## What this measures

The World Bank's fertilizers commodity price index: a Laspeyres index of the Pink Sheet prices in its group, in nominal US dollars, with 2010 = 100. Monthly, from 1960.

## Why it matters

Urea, phosphates and potash together. High fertilizer prices cut application and next season's yields, so it leads food supply.

## How to read it

Higher means the group costs more than in 2010: 150 is 50% above the 2010 average. Compare with the change from a year earlier and with past peaks. The index is nominal, so part of any long rise is general inflation.

## What it does not say

The weights are the group members' shares of developing-country exports, fixed for a base period (the Index Weights sheet of the source file), so it is not a measure of any one country's import bill. It carries every limit of the prices inside it, including estimates for the latest months.

## Source

World Bank, Commodity Price Data (The Pink Sheet), monthly prices in nominal US dollars, file CMO-Historical-Data-Monthly.xlsx from worldbank.org/en/research/commodity-markets. Licensed CC BY 4.0 (World Bank Data Catalog, dataset 0038238, "Commodity Prices - History and Projections"). Attribution: Source: World Bank Commodity Price Data (The Pink Sheet). The World Bank compiles the monthly averages from third-party quotations it names for each series (exchanges, industry bodies and data vendors). Not endorsed by the World Bank. Refreshed daily by /api/cron/commodity-prices-sync; the World Bank updates the file on the second business day of each month.