# Fertilizer Price Increases: Should Farmers be Worried?

> An Ontario University of Guelph analysis reports that average prices for five common fertilizers rose 33% in 2021 versus 2020, with UAN and MAP up as much as 40% and 48%. It attributes the increases to Chinese shortages, the European energy crisis, higher natural gas costs and freight disruptions.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: macro · region Canada · magnitude low
- Page: https://feedsoft.ai/events/43465-fertilizer-price-increases-should-farmers-be-worried
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Higher fertilizer costs raise grain production expenses, which can shift acreage and crop mix and support feed grain prices over time.

## Read by commodity

- DAP: bullish ▲
- UREA: bullish ▲
- NATGAS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| UREA | 2023-07-26 | [The increase in the price of oil led to an increase in the prices of gas and nitrogen fertilizers](https://feedsoft.ai/events/7009-the-increase-in-the-price-of-oil-led-to-an-increase-in-the-prices-of-gas-and.md) | +28.9% | +17.2% |
| UREA | 2020-11-27 | [Weak rand results in big fertiliser price increase](https://feedsoft.ai/events/4396-weak-rand-results-in-big-fertiliser-price-increase.md) | +8.7% | +6.6% |
| UREA | 2021-11-22 | [Fertilizer prices continue to increase with no top in sight \| Quality Farm Supply](https://feedsoft.ai/events/8139-fertilizer-prices-continue-to-increase-with-no-top-in-sight-quality-farm-supply.md) | +6.4% | -1.2% |
| UREA | 2020-06-19 | [Sharp increase in SA fertiliser prices due to weak rand](https://feedsoft.ai/events/52920-sharp-increase-in-sa-fertiliser-prices-due-to-weak-rand.md) | +0.6% | +6.2% |
| UREA | 2022-08-15 | [Nitrogen Fertilizers Prices Rise from Increased European Natural Gas Prices](https://feedsoft.ai/events/12420-nitrogen-fertilizers-prices-rise-from-increased-european-natural-gas-prices.md) | +0.1% | +13.4% |
| DAP | 2020-06-19 | [Sharp increase in SA fertiliser prices due to weak rand](https://feedsoft.ai/events/52920-sharp-increase-in-sa-fertiliser-prices-due-to-weak-rand.md) | +2.4% | +12.0% |
| DAP | 2022-01-05 | [Little relief in sight on fertiliser supply and price - Farmers Weekly](https://feedsoft.ai/events/4589-little-relief-in-sight-on-fertiliser-supply-and-price-farmers-weekly.md) | -1.4% | -3.5% |
| DAP | 2021-09-29 | [Series of black swans send fertilizer prices soaring - Brownfield Ag News](https://feedsoft.ai/events/45375-series-of-black-swans-send-fertilizer-prices-soaring-brownfield-ag-news.md) | +5.2% | +5.7% |

## Sources

- foodfocusguelph.ca: https://www.foodfocusguelph.ca/post/fertilizer-price-increases-should-farmers-be-worried

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