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Hutchinsons crop nutrition manager Tim Kerr urges UK growers not to skip phosphate despite UK fertiliser prices nearly doubling in 12 months. TSP was about £480/t and DAP £580-600/t in late July.
He notes that in 2007/08, when prices were similar, the arable area receiving phosphate fell 25%.
High phosphate prices may cut application rates, which could reduce yields and later support demand for phosphate products. Elevated input costs squeeze feed-grain margins for buyers.
farmersguardian.comFarmers GuardianAug 11, 2021
hutchinsons.co.ukAug 13, 2021Not 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.
