https://www.bnnbloomberg.ca/fertilizer-prices-in-u-s-surge-to-decade-high-amid-import-probe-1.1502465
Phosphate fertilizer prices in the U.S. corn belt had their biggest quarter in a decade as buyers cope with a supply shock caused by potential import duties against Morocco and Russia.
Midwest prices for diammonium phosphate, or DAP, jumped 29 per cent in the third quarter, the most since 2010, according to a Green Markets index. Prices for a lower concentration phosphate fertilizer also surged the most in a decade, by 34 per cent. The two chemicals make up the primary component for many phosphate-based fertilizers used by American crop farmers.