Events halfway across the world affect the fertilizer marketplace even here at home. The knock-on effect from conflicts, weather events, and government policy can drastically change the price that Iowa’s farmers pay for fertilizer.
The recent conflict in the middle east has caused some turmoil in the fertilizer supply chain. Especially as it applies to the potash supply says Josh Linville, the vice president of fertilizer with StoneX.
Middle eastern conflict always has a direct influence on energy prices says Linville.
Unfortunately the conflict between Russia and Ukraine continues to put pressure on the fertilizer supply chain. Linville says fertilizer shipments have still been able to move even with fighting still taking place.
Linville says it is important to stay well versed on world events because they typically have at least some impacts on the fertilizer supply or prices at home.
He says that while there are still some elevated fertilizer prices, overall we are in a much better spot with price compared to 18 months ago.
That was the Vice President of fertilizer with StoneX, Josh Linville.
