RE: phosphate squeeze coming in the USA, India, Australia11 Oct 2021 13:58
And it just continues around the world as everyone goes other places to buy, and then they run out," said Josh Linville, director of fertilizer for StoneX. "The ripple effect is that the entire world trade balance goes down, and there's just not enough out there to go around."
The ripple effect won't be positive for growers, said Samuel Taylor, a farm inputs analyst for Rabobank. "You are likely to see pressure on urea, and the MAP and DAP, in particular. Those are the pricing products that were kind of really concerning."
Fertilizer prices have steadily risen this past year, according to retail prices tracked by DTN. Monoammonium phosphate (MAP) is 74% higher than a year ago while diammonium phosphate (DAP) is 63% higher. Nitrogen fertilizers such as urea ammonium nitrate (UAN) has gone up 78% from a year ago while potash is 85% higher. (For more,