Alberta Agriculture reports that fertilizer prices in Alberta are up and are expected to stay elevated for the rest of 2021. Urea averaged $583 per tonne in spring 2021, up 11% from spring 2020, and nitrogen and phosphate prices have risen through 2021.
Strong demand, rising raw material costs and supply constraints are keeping input costs high for the 2021 crop, which may reduce farm fertiliser application and margins. The local price data confirms that the global nitrogen and phosphate rally is feeding through to retail prices.
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.