Ammonia prices climb back up
By Paul E. Teague -- Purchasing, 4/30/2009 2:00:00 AM
Prices for ammonia have started to rise, and that means fertilizer could get more expensive just in time for the spring planting season.
Ammonia is a major feedstock for the making of fertilizer, and ammonia prices have been going up steadily since January. The most recent Purchasingdata.com survey shows buyers paid on average about $261/net ton for ammonia in March, up 24% from the $210 they paid in February. Indications are that prices in April will rise even further.
Still, despite the rise, buyers paid 60% less for ammonia in March than they did last October, when prices peaked at $660/ton.
According to Southeast Farm Press, late planting decisions on the part of growers have pushed fertilizer prices up.
But another publication, Farm Futures, says wholesale fertilizer prices are actually easing on international markets.
Nevertheless, any rise in ammonia prices could also affect other products, such as household cleaners and some pharmaceuticals, both of which have ammonia as a main ingredient.
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