Fertilizer price forecast
April 20, 2009
According to the U.S. Department of Agriculture, fertilizer prices are expected to increase again (just in case you forgot, nitrogen increased about one-third in price and phosphate and potash doubled in price in 2008 alone) during the spring of 2009. Reasons for the increase are similar to those that triggered the 2007 and 2008 spike in prices as well:
- Increased cost of producing and transporting fertilizer (especially nitrogen), due to rises in natural gas, electricity and fuel prices -…