Global Fertilizer Outlook - 3

U.S. Farmers May Cut Back on Phosphorus

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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With lower corn prices, the current ratio on the DAP/corn price ratio chart shows DAP is 37% higher than its historical average. (Chart courtesy of Wayne Welter, J.R. Simplot Company.)
World demand for phosphorus fertilizers is set to increase in the near future due to a growing world population. However, U.S farmers may decide to pull back some on phosphorus fertilizer application in 2015 due to affordability concerns with lower commodity prices.

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Russ Quinn