Over the last two years, eyes have been on the fertilizer markets as prices went from record lows to record highs. As farmers are planning for the 2024 growing season, one thing on many producers’ minds is market volatility for fertilizer. With the softening of 2023 fertilizer prices as the market adjusts to 2022 disruptions, Fertilizer Institute President and CEO Corey Rosenbusch says volatility is still the number one issue for the industry.
“No one likes volatility. Even the manufacturers and distributors have a challenging time navigating when prices are yo-yoing back and forth,” said Rosenbusch.
In 2023, producers saw some softening of the fertilizer market, something Rosenbusch hopes continues into the new year.
“One of the things that impacted growers the most was that we went from record lows to record highs and it’s that delta that they felt,” said Rosenbusch. “I don’t see us returning to those 2018 conditions. Frankly, it just wasn’t sustainable. But we would like to see a little more normalcy in the market.”
With volatility around the fertilizer market, some producers have turned to new technologies and biological bio-stimulants.
Listen to the full interview with Rosenbusch here.
