Fertilizer prices have been influenced by the conflicts in Ukraine, Russia and the Persian Gulf. The Trump Administration is also considering the price impact due to consolidation in the fertilizer industry. According to information from Farm Doc Daily, the market share of the largest manufacturers has increased in recent years. Over the past quarter-century, the number of ammonia plants has gone from 46 to 33. In that same period, the market share of the four major companies rose from 50 percent to over 70 percent. CF Industries is the biggest player in the nitrogen market, controlling nearly 40 percent of ammonia production capacity. Nutrien is second with 16 percent.
