Why are fertilizer prices dropping?

Poor planting weather this season has actually led to a drop in fertilizer prices as demand has gone down.

Looking at the domestic market, some ammonia prices were down in May, marking the first decline in a long while.

Urea was down again last month on top of its April decline. Prices are expected to remain lower as ammonia and UAN become more competitive.

When it comes to potash, prices will remain stable or lower. Experts predict producers will not purchase much until after the season ends.

Related:

Fertilizer prices are showing a downward trend

Fertilizers take an unexpected and shocking drop for late summer

Lawmakers want friendlier foreign fertilizer supplies as prices continue to climb






LATEST STORIES BY THIS AUTHOR:
Jalyssa Beaudry tells Brownfield Ag News that 75 percent of the dairy farmers she interviewed do not use automated milking systems on their operations.
Potatoes USA developed new software to see just how popular their product really is.
USDA economists are expecting U.S. wheat exports to go up.
Spot prices for corn posted another three-year low last week and they are mimicking a trend seen about a decade ago.
The deluxe album will be available April 5th