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Understanding the resilience of fertiliser markets to shocks: An overview of fertiliser policies

Author

Listed:
  • Darryl Jones
  • Annelies Deuss
Abstract
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.

Suggested Citation

  • Darryl Jones & Annelies Deuss, 2024. "Understanding the resilience of fertiliser markets to shocks: An overview of fertiliser policies," OECD Food, Agriculture and Fisheries Papers 208, OECD Publishing.
  • Handle: RePEc:oec:agraaa:208-en
    DOI: 10.1787/43664170-en
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    Keywords

    Agricultural support; Export restrictions; Market concentration; Organic fertiliser; Policy framework;
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