Fertilizer price today July 16, 2022: There is likely to be another price increase

fertilizer prices today, July 16, 2022: More price increases likely Natural gas is the main feedstock used by all major fertilizer producers, except China (which uses coal), to create the ammonia component for about 80% of fertilizer produced globally. Before the conflict broke out, Russia, Ukraine and Belarus were major exporters of nitrogen-based fertilizers, but the combined impact of the conflict and rising gas prices has hit exports from all three countries. “This is a big concern for the global market, especially Asia,” said Julia Meehan, fertilizer editor at market analysis firm ICIS (UK). In 2017, rice production accounted for 36% of Asia’s total fertilizer consumption. In the upcoming season, fertilizer demand will increase. Many experts are concerned that there will be a future increase in fertilizer prices. In fact, the world price of Urea has recently fluctuated slightly, increasing from 5-90 USD/ton at the end of June. #fertilizer_price #farmers #western #fertilizer_price #ure #fertilizer #dam price #pk #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

source