 |
| CLICK HERE TO VIEW CURRENT ISSUE |
 |
| Best of NAMA 2025 |
|
 |
|
FERTILIZER PRICE INDEX JUMPS MOST SINCE SEPTEMBER
Feb. 8, 2022
Source: Univ of Illinois news release
Bloomberg writer Elizabeth Elkin reported on Friday that, "North American fertilizer prices rose the most in almost five months this week as a global competition for supplies means farmers could still have a ways to go before seeing relief from high nutrient costs.
"The Green Markets North America Fertilizer Price Index jumped 11%, the most since the week ended Sept. 10. India, the world's largest importer of the popular nitrogen fertilizer urea, is looking to buy product later than usual. That will increase competition for nitrogen in the first quarter of 2022, when the U.S. and Europe are looking to buy, said Alexis Maxwell, an analyst for Bloomberg's Green Markets."
 |
|---|
| "Fertilizer Prices Jump in North America on Race for Supplies,” by Elizabeth Elkin. Bloomberg News (February 4, 2022). |
Elkin pointed out that, "Though prices in the U.S. have dipped off records, they remain high. That's adding to costs for farmers and prompting some to curb fertilizer usage, threatening to curb crop yields and further raise global food prices that are near a record high."
To view the complete report, click here.
|
|
|
|
|
