Latest fertilizer prices today January 10, 2022 | Fertilizer prices at the beginning of the week have not changed.

Latest fertilizer prices on January 10, 2022 | Fertilizer prices have not fluctuated at the beginning of the week. Fertilizer prices have been setting new records for several months due to the energy crisis in Europe, many factories are closed and many countries have stopped exporting. The increase has added to concerns about the possibility of food prices continuing to rise, when consumers are already paying too much for items such as cereals and coffee. However, Alexis Maxwell, an expert from Green Markets, said that this week’s price drop is not a sign that fertilizer prices will continue to fall. “Major producers such as the Middle East and Egypt have sold out of urea until February 2022 and most factories in Europe are still closed. Therefore, those who want to buy will have to look far and wide. China, which still has abundant supplies, remains out of the market due to the export ban until May 2022,” said the expert from Green Markets.

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