Herbicides and Phosphate rock

Phosphate rock is a raw material for herbicides; their prices have moved together.

Herbicides (chemical) and Phosphate rock (commodity): 2 relationships.

How they are linked

1. Feedstock

Physical flow · Direct · Phosphate rock → Herbicides

Herbicides is made from phosphate rock: it is one of the raw materials its production routes start from.

2. Price link: glyphosate input

Cost and price · Moderate · Both ways

Glyphosate contains phosphorus, made from phosphate rock via energy-hungry yellow phosphorus. Against the pesticides proxy, monthly moves correlate at 0.17, yearly moves at 0.52 and 0.30 over the last five years.

• 0.17 monthly change correlation
• 0.52 12-month change correlation
• 0.15 fitted elasticity

Built from the site data on production routes, energy flows, industry value chains, input-output tables and prices.