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Fertilizer Extends Rally With Some Prices Soaring Nearly 60%

  • U.S. fertilizer price index at all-time high for third week
  • Potash prices in India, Northwest Europe saw increases

World fertilizer prices continue to soar as tightening supplies send costs up for farmers and consumers across the globe.

In India, contract pricing for the nutrient potash skyrocketed 59% to $445 per metric ton, according to Bloomberg’s Green Markets. In Northwest Europe, potash prices rose 1.7%, the most since 2015. And in the U.S., the Green Markets North American Fertilizer Price Index climbed to the highest price ever for a third week in a row.