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RISING FERTILISER COSTS MAY IMPACT FARMER PROFIT

Prices for key components of fertilisers are rising and likely to stay high for the foreseeable future reports Bloomberg. Phosphate and Potash have both been in high demand since late last year, and with limited supply, geopolitical uncertainties in the producing nations, and no easing in purchasing activity, stock levels remain tight.

Expectations for an easing in demand or supply improvements never materialised and now the market is pricing in a continuation of the situation for the longer term.

Farmers will start to see the affordability changing, – Corrine Ricard, senior vice president at Mosaic Co

Mosaic is one of the largest suppliers of fertiliser in the world. They report some country’s nutrient requirements are up circa 8% compared to 2020.

Author

  • Nick Baskett

    organisation:

    Nick Baskett is the editor in Chief at Bartalks. He holds a diploma from the Financial Times as a Non Executive Director and works as a consultant across multiple industries. Nick has owned multiple businesses, including an award-winning restaurant and coffee shop in North Macedonia.

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