date:Aug 08, 2013
average 2013 price and 8% below the July 18th price.
Two primary reasons exist for falling fertilizer prices. First, anhydrous ammonia manufacturing is being built because nitrogen fertilizer manufacturing has been profitable in recent years. Margins have been high because nitrogen fertilizer prices have remained high while natural gas, the major cost in nitrogen production, has had its price decline. Ammonia prices likely remained high because of limited ammonia manufacturing capacity that re