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Southern Alberta farmers report phosphate fertilizer costs rising from about $650 to $950 per tonne since last fall. Fertilizer Canada attributes the increase to sharply higher prices for wheat, canola, soybeans and corn, which encourage heavier fertilizer use.
Higher phosphate costs raise production expenses for Canadian grain and canola growers, which can tighten the supply of meal and grain used in feed. Strong grain prices offset some of the cost pressure.
globalnews.caQuinn CampbellJun 1, 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.
