Fertilizer prices – Fertilizer market information today April 13, 2022: Potassium fertilizer prices increase slightly

fertilizer prices today, April 13, 2022: Potash prices edged up slightly. The war in Ukraine has “heated up” the fertilizer and food markets. According to the Guardian, the Fertilizer market, which was already “hot” in 2021, has been “added fuel to the fire” because Russia, Ukraine, and Belarus are major exporters in the world. Russia and Belarus account for about 40% of global potash exports, but both of these supplies are being affected by the war in Ukraine. Russia accounts for about 11% of the world’s urea exports and 48% of ammonium nitrate. Russia and Ukraine export about 28% of global nitrogen, phosphorus, and potassium fertilizers. Supply chain disruptions due to sanctions and war have contributed to high fertilizer prices. Along with that, grain prices have also skyrocketed. “Fertilizer is a huge problem right now. Supply is very tight,” said Tony Will, CEO of CF Industries. “Russia and Ukraine account for about 30% of the global wheat and corn trade, so the fighting has a big impact on global supplies,” said Bart Melek, head of global commodities analysis at TD Securities. According to Melek, the agricultural sector has been hit hard by high fertilizer prices. Yields will fall as farmers save on inputs. Low yields will lead to higher prices for staple foods and other commodities, including wheat and corn, beef, pork, etc. According to Melek, corn prices rose 57% in 2021 and will increase another 25% this year. Cattle prices rose 19% last year and could increase another 15% this year. Wheat rose 27% in 2021 and will increase another 22% this year. #fertilizer_price #farmers #western region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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