Source: FARM DOC DAILY, UNIV. OF ILLINOIS, 4/5/22

Nitrogen fertilizer prices are high and likely will go higher due to repercussions from the Ukraine-Russia conflict. Herein, we trace the evolution of nitrogen price increases, making the case that increases up until recent months resulted from responses to the Covid pandemic, general price inflation, and policies in Europe to move away from fossil fuels. The Ukraine-Russia conflict will intensify nitrogen price and supply concerns. North American fertilizer companies have faced scrutiny as a culprit in rising nitrogen fertilizer prices. While it is true that North American fertilizer companies likely will have a good income year in 2022, a range of global market factors are contributing to higher fertilizer prices.

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