DTN writer Russ Quinn reported last week that, “Retail fertilizer prices continue on their path lower, according to prices tracked by DTN for the first full week of March 2023. He has previously worked for the USDA’s National Agricultural Statistics Service, and compiled the daily FarmPolicy.com News Summary from 2003-2015. …Read the full story
The AP article explained that, “Even though it is the world’s second-largest producer of wheat, India exports only a small fraction of its harvest. It had been looking to capitalize on the global disruption to wheat supplies from Russia’s war in Ukraine and find new markets for its wheat in Europe, Africa, and Asia. Huffstutter […]
“Prior to this development, prices were already elevated, influenced by relatively tight supplies in key exporting countries. wheat exports, ERS explained that, “With global wheat prices historically elevated and volatile, it is expected that importers will ration demand by at least delaying some purchases. This cut is expected to be partly offset by higher exports […]
Meanwhile, a separate Bloomberg article on Friday by Jen Skerritt and Elizabeth Elkin stated that, “These are boom times in the fertilizer market, with record prices amid strong demand. He has previously worked for the USDA’s National Agricultural Statistics Service, and compiled the daily FarmPolicy.com News Summary from 2003-2015. …Read the full story