Water Soluble Fertilizers prices Trend and Forecast

During the first quarter of 2022, US water-soluble fertilizer consumption climbed by a factor of four. The usage of Urea and Potash has been relatively considerable. On the supply side, natural gas prices in the United States doubled in the first quarter of 2021, significantly raising the cost of producing Water-Soluble fertilizers. In addition, shipping prices rose considerably in 2021, particularly for goods from Asia to North America. Phosphate and Potash mining expenses also included energy, which weighed on the prices. On the supply side, high crop prices encouraged farmers to apply more fertilizer per acre, putting pressure on Water Soluble Fertilizers Prices. FOB Price in the North American region ranged between USD 310-320/ton during the first quarter of 2022.

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