Zero Hedge: US wholesale fertilizer prices have been on a tear since December 2020 due to rising commodity prices, tight supplies, and strong demand.
Last fall, Rabobank forecasted that phosphate and other fertilizer prices would remain elevated in the first half of 2021 because commodity prices were accelerating. Now Rabobank reports phosphate prices have nearly doubled.
“You have sown much, and harvested little. You eat, but you never have enough; you drink, but you never have your fill. You clothe yourselves, but no one is warm. And he who earns wages does so to put them into a bag with holes.” ESV
“With the increase in commodity prices, there has been an increased demand for fertilizers since last fall. This increased demand, coupled with reduced fertilizer imports is – according to forecasters – predicted to keep fertilizer prices elevated through fall and potentially into next year,” Jamie Patton, senior Outreach Specialist for the UW-Nutrient and Pest Management Program, told Wisconsin State Farmer.
DAP Tampa Fertilizer Index has nearly doubled since the start of the year. Read More