Abstract
Strong demand and the high cost of raw materials have contributed to dramatic increases in fertilizer prices in 2021. In Illinois, the price of diammonium phosphate, the most widely used phosphate fertilizer, has risen by over 78% during the past year, according to a Nov. 4 report from the US Department of Agriculture. The prices of two nitrogen-based fertilizers, anhydrous ammonia and urea, more than doubled over the same period. The price of ammonia shipped from Tampa, Florida , recently reached an all-time high, according to the investment firm Jefferies Group. Much of the price increase has happened since the beginning of October. The cost of natural gas, which is used to make many fertilizers, has been increasing, especially in continental Europe and the UK . In addition, Hurricane Ida shut down some fertilizer production in the US earlier this year. And power outages caused problems for fertilizer plants in
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
