Less hope for a decrease in fertilizer prices

A global fertilizer expert says recent events have dampened his optimism for a decrease in fertilizer prices this spring.

Josh Linville with StoneX tells Brownfield up until this past week, record high fertilizer prices were starting to ease.

“We actually had been seeing fertilizer prices come off. Prices of phosphate had come off a little bit and prices of urea had come off a pretty decent chunk.”

But he says Russia’s invasion of Ukraine will likely put a halt to that, especially if multiple countries ban imports from Russia. 

“We are going to start seeing people who used to rely on product coming from Russia starting to scamper to new production points to buy up their product.

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