Fertilizer prices just fell 30% in one day, farmers saw prices skyrocket 133% in a year
Story Date: 5/30/2022

 

Source: Jim Wiesemeyer, THE PACKER, 5/27/22


Fertilizer prices, led by CF Industries, fell in Thursday's trading. Nitrogen prices reportedly plunged 30%, partly due to demand destruction. According to Bloomberg, the June spot price in Tampa, Florida, for ammonia nitrogen fertilizer settled at $1,000/metric ton, a 30% drop from May's $1,425/ton.

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