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Chesley, Ontario | While energy prices are a big part of fertilizer costs (particularly N), it is the cost of natural gas in Russia and Egypt that drives it now, rather than the North American price of crude oil. The price of anhydrous and North American natural gas started to "de-couple" about five years ago, when our anhydrous plants started to shut down in response to cheaper off-shore nitrogen. P and K are both driven by world demand, much less than by energy costs, and that doesn't appear to be slackening yet. I'm not sure how much it will go up over the winter, but it doesn't look to me like there are any signals pointing to large decreases, either. | |
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Will 2009 fert. go down?
