CoBank lead industry analyst and strategist Ken Zuckerberg expects fertilizer prices to stay elevated through the first quarter of 2023, but next fall’s prices will depend on European production. “Some of those fertilizers have come down recently, but the issue is who’s going to be buying as we get into spring application season. One of the concerns beyond the first quarter is when and how much European production will be back online.” The long-term outlook is more worrisome. “As we look towards 2024-2026, I’m concerned if global liquid natural gas supplies remain tight and don’t correct themselves for a few years, if there’s upward pressure on that gas, there will likely be pressure on fertilizer.”
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