Fertilizer prices today February 28, 2023: Global fertilizer prices still have many complicated developments

fertilizer prices today, February 28, 2023: Global fertilizer prices are still complicated Although currently, fertilizer prices have cooled down compared to the same period last year. In another development, experts said that fertilizer prices around the world this year are still complicated. Currently, natural gas prices in the European Union (EU) are still the main impact on global nitrogen prices, because natural gas is still the main raw material for producing ammonia. It is estimated that the European Union accounts for about 9% of the world’s total ammonia production capacity (about 22 million tons) and current output is about 16 million tons. Still remember, the severe gas crisis in Europe in the winter of 2022 was also the main cause of record-breaking fertilizer prices. Although this period has passed, it is uncertain whether Europe can replenish reserves in time for the winter of 2023-2024. Forecasting the Fertilizer market outlook in 2023, experts still expect a “brighter” future for the fertilizer industry with prices of this item not increasing dramatically like in 2022. However, experts also expressed their pessimism that prices will decrease to the same level as before 2021 because the situation of raw material supply has changed a lot. According to 2Nong #fertilizer_price #farmers #western #fertilizer_price #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials #news #agriculture

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