Fertilizer prices appear to be on the rise again. While they have not hit the record high they reached in 2022, Faith Parum, an AFBF economist, explained in Newsline that some products, like phosphates, are climbing higher.
“Really what we’re seeing in this market, though, is volatility, and we think that will continue to persist as natural gas prices and shifting trade policies and other countries really are disrupting the markets and creating a lot of uncertainty,” Parum said. “The big drivers are energy costs, mainly because nitrogen fertilizers rely on natural gas and so other countries have had decreased production due to conflict, as well as geopolitical disputes overall.”
