Fertilizer market improvements aid productive spring
As the planting season winds down, the president and CEO of The Fertilizer Institute says it’s been a productive spring.
Corey Rosenbusch tells Brownfield, “it was early so people were able to get into fields and plant early. That means we’re going to probably have a really strong fall. It used to be that everything hit the ground in spring prior to planting but those split applications are starting to be more popular and I think people are optimistic about what will happen in the fall.”
He says fertilizer prices began softening at the beginning of the year.
And, although supply during the spring was mostly adequate, Rosenbusch says there were some challenges.
“Anecdotally, I heard some retailers were 70-80 percent of their normal volumes and so that last 20-30 percent at the very tail end (of the season) that had to be hit on the spot market was going to cause some supply chain challenges,” he says.
He says the global supply chain patterns are returning to normal.