Once again, seven of the eight major fertilizers are less expensive compared to last month. Five of those seven were significantly lower than last month. DTN designates a substantial move as anything 5% or more.
Once again, seven of the eight major fertilizers prices are lower compared to last month. Five of the eight major fertilizers were significantly lower. DTN designates a substantial move as anything 5% or more.
Prices for all eight major fertilizers are essentially at the same level they were in the fall of 2021 right before the beginning of the run-up in prices, which lasted for a full year and a half.
Seven of the eight major fertilizers prices are lower in price compared to last month. Five of the eight major fertilizers were significantly lower looking back a month. DTN designates a substantial move as anything 5% or more.
The possible invasion of Ukraine by Russia would certainly affect the global fertilizer market. The exact effects are unknown, but one thing is certain escalation of this latest geopolitical row would not help historically high fertilizer to decline.