The future of fertilizer availability and prices remain uncertain as weather issues abound. Critically low water levels along the lower Mississippi River inhibit the movement of grain and fertilizer. Transportation issues piggyback availability as Florida, a key fertilizer-producing state cleans up after Hurricane Ian. How will this impact pricing?
Sky-high fertilizer costs have plagued farmers’ pocketbooks throughout the 2022 growing season. Fertilizer supplies and logistics do appear to be solid for the remainder of the year, preventing what could have been further spikes this fall season. Meanwhile, potash and phosphorus markets likely won’t be driven higher due to the low water levels as most producers’ needs for next season have already been delivered.
Ongoing supply chain disruptions in the fertilizer industry would likely impact spring 2023 prices – but like most things in agriculture, anything could happen.
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