While spring is traditionally when American farmers watch fertilizer prices, current market conditions have also caught their attention. Experts like Josh Linville, vice president of fertilizer at StoneX, say international factors are at play. Here are some factors influencing prices:

  • Production is slowing in both Europe and Brazil due to rising natural gas prices.
  • China is restricting fertilizer exports, likely in an effort to maintain their domestic supply and keep local prices stable.
  • High temperatures in Egypt are prompting the government to divert the natural gas supply to keep homes cool.
  • The United States has restrictions in place on imports from Morocco, Russia and China.

Read more on the issues impacting fertilizer costs here.