With global uncertainty pushing input prices higher across the board higher it has potato growers’ concerned about spring planting costs, the March 10 issue of the North American Potato Market News (NAPM) says.
Variable potato production costs, led by sky high fertilizer prices, have increased by 30 to 35 per cent over the past two years. The ongoing invasion of Ukraine by Russia has contributed to global uncertainty causing fuel and fertilizer prices to escalate above already high levels, NAPM says.
Administration, gasoline and highway diesel prices are up 48 per cent and 54 per cent from a year ago, respectively, the report notes.
DTN’s survey of fertilizer retailers indicates that, through March 4, phosphate prices are up 39 to 44 per cent, while potash fertilizer is up 96 per cent from a year earlier. Urea is 87 per cent more expensive and anhydrous is up 166 per cent from last year. The report notes prices for both fuel and fertilizer have continued to climb this week.
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