Don’t bet on fertilizer prices falling before seeding, says a market analyst with Alberta Agriculture.
“The most likely scenario for fertilizers is that the current high prices will continue throughout the winter and spring months of 2022,” said Ryan Furtas.
Nitrogen production and products, namely ammonia and urea, are mainly produced at Alberta locations but prices are “tied to the international price for nitrogen.”
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Exports of ammonia and urea to the U.S. have been falling in recent years but will likely increase this crop year since Canadian nitrogen production facilities will be seeking to take advantage of the high-priced demand, he said.
