Fertilizer Demand Causes Fall Scramble

Ag Journal reported that farmers are scrambling to secure fertilizer supply as phosphate and potash prices continue to rise.

The market news is quoted as saying:

Back in May, the price of phosphate was 31 percent higher compared with the same quarter the previous year, and the price of potash was 20 percent higher. Typically fertilizer prices move higher from August to December, which explains why stocks in big fertilizer manufacturers tend to gain 15 percent, on average, during that period.

To read the full market news, click here.