Fertilizer price outlook is complicated
The head of global research for CHS suggests locking in crop inputs for next year will be complicated.
Nelson Neale tells Brownfield it’s anyone’s guess what fertilizer is going to cost in the months to come.
“Export bans coming from China or other countries, or any type of upset creates a volatile ripple through the economy. So it’s not straightforward how this plays out.”
He says urea prices are up more than 180 percent since 2019.
“The fertilizer markets are global, they’re traded globally. And certainly have experienced a lot of influence with exports coming from various countries.”
Neale says supply chain disruptions, geopolitical tensions, and the specter of a recession are all driving uncertainty in the ag economy.