New Tools Track Fertilizer Prices
The price of agricultural commodities is determined by many different variables, including production quantities, currency rates, weather events, political or social turmoil, and the price of inputs needed to produce those commodities. Throughout the world, fertilizers are a major agricultural input, and thus a major factor in the price of agricultural commodities.
A new set of tools from the Food Security Portal is now available to track the monthly prices of four of the most important, widely used fertilizers - ammonia, potash, urea, and DAP. The data is drawn each month from Green Markets and compares the price of each fertilizer by region: US Gulf and North Africa for DAP; US Gulf, Middle East, and Black Sea for ammonia; US Gulf, Middle East, and Black Sea for urea; and Standard Muriate Vancouver for potash.