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Key:
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Joined: Nov 2010
Posts: 1,816 Likes: 1
8 point
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8 point
Joined: Nov 2010
Posts: 1,816 Likes: 1 |
We get ZERO from the middle east. Just a couple years ago, prices were soaring because of our squabble with the canucks. Before that, it went up cause oil prices were just high (no conflicts happening). So where do we get it? Prices are going up cause trump just released a crap ton of money to help the farmers in the US and the corporations know it. So...they just bump their prices up. The US actually imports a lot of nitrogen and phosphate from the Middle East and some Potash from Russia and Israel. Prices have went crazy on Nitrogen globally due to exports through Strait of Hormuz and natural gas curtailments in the Middle East. Sauda Arabia is on of the biggest importers to the US for phosphate and the supply is shut off at this time as well. Some of it is an over reaction in the market but if it doesn’t get fixed soon it’s going to be a supply problem for the globe and at a terrible time for the American farmer. The last thing the farmer needs is higher input costs. The US Fertilizer markets are actually trading cheaper than a lot of the other global markets at this time and usually we are closer to the same, so the price is not up due to the government payouts. I can promise you the US/global fertilizer market is a lot more complex than one would ever think.
Last edited by rst87; 03/06/26 11:00 PM.
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