Potential fertilizer scramble imminent as supplies dwindle
We are looking at the potential for a scramble this spring for fertilizer sales. Normally, many countries price shipments for future delivery and take payment upfront.
However, some companies are scaling back that practice due to limited availability. Farm cooperative Grow Mark says that urea ammonium nitrate supplies are short and global urea prices are more than $1,000 dollars per ton for the first time.
One Canadian wholesaler says that if you can secure shipment now, do that instead of waiting for better spring prices, which may not be realized.
As farmers continue to ride the input rocket ship, with natural gas prices surging in October, it is now trickling down to farmers.