Feb. 6, 2008, Winnipeg – An expert from Purdue University has told a Winnipeg
audience that North American fertilizer prices will remain sky-high for the next two or three years at least.
David Downey also told an agricultural trade show that there could be isolated product shortages next spring.
Downey says increased demand, declining production and increased
reliance on offshore imports have fundamentally changed the
marketplace.
Manitoba farmers were shocked last spring when they saw prices
for anhydrous ammonia, a popular form of nitrogen fertilizer, nearly
double from the previous fall.
It's now selling for about $900 a tonne.
`There's a reason behind this (the high prices),' Downey said.
`It isn't a bunch of people conspiring to see how they can stick it
(to customers).'
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