Drivers of the Current Fertilizer Market: What’s the Short-Term Trend?

Photo Courtesy of Ostara Nutrient Recovery Technologies Ltd

Nineteen years out of the last 23, you’d have saved money by pre-buying your fertilizer in the fall. Of course, fall application of fertilizer is subject to high rates of losses, potentially negating any savings and having a negative impact on the environment, and storing fertilizer isn’t always possible. So, it’s not surprising then that only some farmers pre-buy fertilizer in the fall or only pre-buy a portion.

Earlier this month, Saskatchewan field editor, Debra Murphy took in a presentation at Crop Production Week at Saskatoon, looking for information on current and long-term fertilizer trends. While the fall to spring advantage is likely at play again this year, farmers looking to make closer-to-seeding purchases may still be looking at a strained logistics systems.

In the interview below, Ray Dowbenko, senior agronomist with Agrium, takes questions from media following his presentation.  In it, he talks about the current global state of nitrogen fertilizer production, where Saskatchewan sits on potash production and the over-arching driver for fertilizer demand globally.

If you can’t see the embedded video, click here.

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