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Fertilizer Prices Resist Knee-Jerk Reaction to Hurricane Ian

Phosphate rock is loaded into rail cars at a Mosaic Co. mine in Tampa, Florida, in 2011.

Phosphate rock is loaded into rail cars at a Mosaic Co. mine in Tampa, Florida, in 2011.

Photographer: Jim Stem/Bloomberg

The phosphate-fertilizer market may take a few days to react to Hurricane Ian’s arrival over a key production area in Florida.

Prices for crop nutrients haven’t jumped even as the storm arrived in the state that’s home to Mosaic Co.’s phosphate rock assets, where they mine and process the the rock into fertilizers like diammonium phosphate and monoammonium phosphate, commonly known as DAP and MAP.