Fertilizer prices are expected to remain above pre-Iran war levels through 2028, says one of the largest private agriculture lenders in the United States.
“The ripple effect of the Middle East conflict compounded with tight supplies will create higher prices and sourcing issues in 2027 and beyond,” CoBank said in a report titled: Higher fertilizer prices are here to stay.
This is different than the 2022 fertilizer shock caused by the war in Ukraine, which forced a reshuffling of fertilizer flows.
“The current conflict in the Middle East has resulted in shutdowns and damage that will require significant time and resources to restart, long after the war has concluded,” stated the CoBank report.
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