Fertilizer prices today February 7, 2022 | Latest information on fertilizer and agricultural materials market

Fertilizer prices latest 07/02/2022 | Fertilizer prices remain high. This week, fertilizer prices in North America increased the most in nearly 5 months due to increased competition for global supplies. Specifically, Green Markets’ North American fertilizer price index increased by 11%, the largest increase since the week ending September 10, 2021. In addition to customers from the US and Europe, India, the world’s largest urea importer, is also looking to buy later than usual. This will increase the competition for fertilizer supplies in the first quarter of this year, according to Alexis Maxwell, an analyst at Green Markets. “India’s later-than-normal buying has created momentum for the Fertilizer market that is struggling to find a way. Global fertilizer prices increased immediately after this news, with prices in the US increasing by $90/short ton (more than 900 kg),” she said. In addition, Urea prices in New Orleans rose 10% this week, also the highest since September 2021. Fertilizer prices have surged to record levels around the world as production has been constrained by the European energy crisis, export restrictions and trade sanctions. In the United States, prices have eased but remain high. As a result, farmers are paying more and some are even cutting back on fertilizer use, threatening crop yields and food prices that are near record highs. #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer_price #fertilizer_price #potassium_price #agriculture #fertilizer

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