Analysts who are closely watching the situation in the Black Sea believe elevated fertilizer prices will remain that way well into next year.
Researchers at Farmers Business Network say Russia’s war in Ukraine coupled with Europe’s natural gas crisis are putting even more pressure on fertilizer prices.
The U.S. produces a lot of nitrogen-based fertilizers and we get our potash from Canada, but they say with fertilizer being a global market, prices respond to those situations.
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