Fertilizer Prices Lower for First Time in 19 Months

Retail fertilizer prices moved lower this week for the first time since November 2020. Urea saw the biggest drop, down nearly 50% since the end of March. The cause? Possibly this year’s extremely late planting season. With the drop in corn acres, the fertilizer industry has seen a loss in demand.

But should farmers be locking in the lower-than-more-recent fertilizer prices? Not quite, according to a fertilizer expert at StoneX, who says the prices could dip further depending on whether China restarts its own fertilizer exports and on what happens with the war in Ukraine. And, even as lower prices might start some feelings of relief, they are still trending much higher than pre-pandemic times.

Read more on fertilizer prices here.