SuperNEWS
The hard truth is ...
- The U.S. Ethanol boom is driving fertilizer demand higher, therefore placing upward pressure on fertilizer prices.
- Increased transportation costs move fertilizer products is factoring into increased delivered fertilizer prices.
-The value of the U.S. dollar has fallen significantly in the past few years, increasing the cost of goods imported – including fertilizer.
- High natural gas prices in the United States Continue to lead to higher fertilizer production costs, also leading to increased fertilizer prices.
World fertilizer prices surged by more than 200 percent in 2007, as farmers sought to maximize corn production for ethanol, according to the International Center for Soil Fertility and Agricultural Development (IFDC).
IFDC notes that from January 2007 to January 2008 diammonium phosphate (DAP) prices rose from $252 per ton in January 2007 to $752 (U.S. Gulf price); prilled urea rose from $272 to $415 per ton (Arab Gulf price); and muriate of potash (MOP) rose from $172 to $352 (Vancouver price). At the same time the price of 1 metric ton of corn rose from $3.05/bushel to $4.28/bushel.
World demand for fertilizer has risen by 14% which increases prices. China, India and Brazil being the biggest contributors for the demand. Domestic demand has risen 19% due to the Ethanol Boom. The annual capacity of ethanol in 2007 was 5.6 billion gallons and is expected to reach 11 billion by 2011.
With SuperBOSS you will be able reduce your fertilizer and water usage. SuperBOSS will improve bacteria and NPK levels in the soil and increase your yields. SuperBOSS is the single most significant nutrient available for your crops, lawns, fields or gardens on the market today.
|