# Fertilizer Prices Keep Rising and the Russia-Ukraine Conflict Could Make it Worse | College of Agricultural and Environmental Sciences

> UC Davis economist Aaron Smith says fertilizer prices almost doubled between summer 2020 and end-2021 and continue to rise. Oil and gas price surges tied to Russian threats to Ukraine pushed fertilizer costs higher still.

- Date: 2022-02-25 · published 2022-02-25T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/43025-fertilizer-prices-keep-rising-and-the-russia-ukraine-conflict-could-make-it
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Corn](https://feedsoft.ai/c/CORN.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher fertilizer prices strengthen the incentive for US farmers to cut nitrogen use, which could reduce corn yields and supply. The cost pressure also lifts feed production expenses.

## Read by commodity

- CORN: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -3.9% | -24.2% |
| UREA | 2025-05-13 | [1253. Fertilizer Market: Recent Trends in the Fertilizer Market \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/24586-1253-fertilizer-market-recent-trends-in-the-fertilizer-market-japan.md) | -2.8% | -24.9% |
| UREA | 2022-01-10 | [Why the cost of fertilizer is rising](https://feedsoft.ai/events/43075-why-the-cost-of-fertilizer-is-rising.md) | -8.8% | -17.6% |
| UREA | 2022-04-25 | [High fertilizer prices contribute to rising global food security concerns \| IFPRI](https://feedsoft.ai/events/41764-high-fertilizer-prices-contribute-to-rising-global-food-security-concerns-ifpri.md) | -18.1% | -19.0% |
| UREA | 2022-06-06 | [An Explainer: What’s driving the cost of fertilizer? \| Nutrien](https://feedsoft.ai/events/41295-an-explainer-what-s-driving-the-cost-of-fertilizer-nutrien.md) | -1.9% | +0.7% |
| CORN | 2022-04-06 | [Nitrogen Fertilizer Prices and Supply in Light of the Ukraine-Russia Conflict - farmdoc daily](https://feedsoft.ai/events/42133-nitrogen-fertilizer-prices-and-supply-in-light-of-the-ukraine-russia-conflict.md) | -1.9% | -6.1% |
| CORN | 2022-11-17 | [The Impact of Low Stocks-to-use Ratio and the Ukraine-Russia Conflict on the Distillers-to-Corn Price Ratio \| CropWatch \| Nebraska](https://feedsoft.ai/events/38676-the-impact-of-low-stocks-to-use-ratio-and-the-ukraine-russia-conflict-on-the.md) | -1.7% | -4.9% |
| CORN | 2024-09-20 | [Bullish macro-economic environment and hot U.S. finishing weather boost CBOT prices – ProAgri Media](https://feedsoft.ai/events/5605-bullish-macro-economic-environment-and-hot-u-s-finishing-weather-boost-cbot.md) | +0.0% | -0.9% |

## Sources

- agriculture.ucdavis.edu: https://agriculture.ucdavis.edu/news/fertilizer-prices-keep-rising-and-russia-ukraine-conflict-could-make-it-worse

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.