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Fertilizer prices rose for a second straight week into March 2022, with all but one major product higher than a month earlier. Anhydrous ammonia hit an all-time high of $1,488/ton, and UAN28 and UAN32 also set records.
Urea was slightly lower at $891/ton, while DAP averaged $874/ton and potash $815/ton.
Record nitrogen and rising phosphate and potash prices raise feed and forage production costs for livestock producers. Higher oil prices tied to the Russia-Ukraine crisis could push fertilizer costs higher still.
proag.comFeb 28, 2022Not enough comparable past events yet for a historical read.
Not 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.
