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Rabobank's North American Agribusiness Review reports phosphate prices at their highest level in North America since 2012. Nitrogen prices are also climbing, partly due to the Texas freeze, which forced some fertilizer plants to shift natural gas to heating or shut down.
Industry experts expect higher fertilizer prices to last through spring.
Tight phosphate supply and nitrogen production disruptions are raising the cost of crop inputs, which can push up feed grain production costs. Buyers should expect fertilizer-driven cost pressure to persist through the planting season.
agweb.comMar 2, 2021Not 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.
