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Prince Edward Island farmers face fertilizer costs that have roughly doubled, with potash rising from about $570 to over $1,300 per tonne. The provincial farm federation says prices are still climbing ahead of next season.
Russia's role as a leading potash and urea producer is cited as the cause.
Higher fertilizer costs raise farm production expenses, which can reduce planted area and tighten future feed grain supplies. Prices for potash and urea remain firmly bullish.
cbc.caTony DavisMar 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
