Series of black swans driving up fertilizer prices
Story Date: 9/14/2021

 

Source: Margy Eckelkamp, AGWEB, 9/10/21


Upswing in market prices, a natural disaster and disruptions in trade and logistics have brought increased attention to the fertilizer industry.  “Jump in a time machine and go back 15 months, and if I said, hey, by the time we get to next early September we're gonna be seeing urea barges at or above 500 bucks a ton. You would never have me back on this radio again,” Josh Linville with StoneX said on AgriTalk. “Through the end of 2020 and all of 2021, it just seems like it's a perfect series of events—black swan events. I mean, it's just everything that can come together to drive the price up has been and it doesn't seem to be letting up anytime soon.”

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