News
Fertilizer prices not at their lowest, but better than in previous years
The senior director of plant nutrition at MFA Incorporated, an agricultural cooperative based in Missouri and neighboring states, says that while most fertilizer prices are not at their lowest levels in the fall, the outlook is better than in previous years.
Chris DeMoss says: “Over time, fertilizer prices have to reflect commodity prices. That won’t always happen within a day, a week or a month. It can take a while. Nitrogen prices are lower than they were before. That’s a reflection of global demand and that’s the case with phosphates.”
He says there is a global shortage of phosphates and this is reflected in the value of DAP and MAP, with potash values lower than in previous years.
DeMoss says farmers cutting costs for the upcoming growing season are not benefiting from a shortage of fertilizer for the crop.
“Give the crop a chance to grow and I would stick with the regular fall fertilization schedule. That’s better than planning things that affect the market.”
DeMoss told Brownfield this week that he doesn’t expect fertilizer prices to change much between fall and next spring, but that could change at any time.
