The Mosaic Company Comments on 10-Year High Fertilizer Prices
Citing three key factors in today’s fertilizer markets, The Mosaic Company says it recognizes fertilizer prices have increased dramatically in the past several months.
“We frankly empathize with the conundrums facing ag retailers and their customers–the growers,” says Andy Jung, Director, Market & Strategic Analysis at Mosaic. “Costs have escalated dramatically. There have been shipping delays. We talk to them regularly and understand the challenges across the input supply chain.”
As the leading suppliers of phosphate fertilizers in the U.S. (a little over 50%), the company says supply disruptions have accelerated the increasing pricing momentum in 2021, however, Jung points out that’s still below the 2008 peak.
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“We frankly empathize with the conundrums facing ag retailers and their customers–the growers,” says Andy Jung, Director, Market & Strategic Analysis at Mosaic. “Costs have escalated dramatically. There have been shipping delays. We talk to them regularly and understand the challenges across the input supply chain.”
As the leading suppliers of phosphate fertilizers in the U.S. (a little over 50%), the company says supply disruptions have accelerated the increasing pricing momentum in 2021, however, Jung points out that’s still below the 2008 peak.
Click Here to read more.