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Markets :: Basic Chemicals :: Inorganic Chemicals :: Fertilizers

Prices Soar in the First Quarter on Tight Agricultural Markets

6:56 AM MDT | April 28, 2008 | Rebecca Coons

Tight markets for agricultural crops fueled rising demand for fertilizers in the first quarter of 2008, pushing fertilizer prices considerably higher, says Yara International (Oslo), the biggest producer of ammonia and of nitrogen and NPK fertilizers. Enger: Strong quarter for fertilizer prices. “The global fertilizer market has remained tight during the last year, with global production running close to full capacity,” says Thorleif Enger, president and CEO of Yara. “The market has been balanced by a combination of higher prices reducing demand...

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