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Fertilizer Prices Fall to Lowest in 19 Months as Gas Drops

  • Drop signals relief to farmers who have faced rising costs
  • Cost pressures have contributed to historic food inflation

Fertilizer prices are falling after hitting records in 2022 as gas costs and farmer demand both decline.

The Green Markets North American Fertilizer Index fell 4% Friday to $672.82 per short ton, the lowest since June 2021. The index surged to a record $1,270 per short ton after Russia’s invasion of Ukraine threw the world’s crop-nutrient sector into disarray.