US Fertilizer Prices Drop, But El Nino Poses Food Inflation Risk

U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated

U.S. Fertilizer Prices Erase War Spike, But El Nino Keeps Food Inflation Risk Elevated The good news for US farmers is that urea fertilizer prices have returned to pre-US-Iran conflict levels after spiking from late February through mid-April. This is great news for farmers, though they are not out of the woods, as drought continues to plague some of the nation’s top agricultural belts. Prices for granular urea in New Orleans have slumped 36% since peaking at $710 per short ton ...

By Tyler Durden