Navigation Links
World fertilizer prices drop dramatically after soaring to all-time highs
Date:12/16/2008

World fertilizer prices began dropping dramatically in late 2008 after reaching all-time highs around April.

The price of urea, the world's most common nitrogen fertilizer, rose from about $280 to $405 per ton in 2007 and reached $452 in April 2008. The price then soared to $815 per ton in Augustbut plunged to $247, lower than before the price spiral began, in mid-December.

The price of diammonium phosphate (DAP) increased by five timesfrom $262 to $1,218 per tonfrom January 2007 to April 2008, but had fallen to $469 per ton in mid-December.

Potash is the only fertilizer whose price is still rising. Standard grade muriate of potash, the most common source of potassium, sold for $172 per ton in January 2007 and $875 per ton in mid-December.

Why Fertilizer Prices Spiked: A "Perfect Storm"

"Fertilizer prices started rising rapidly in October 2007, and the price spike lasted for almost 12 months," says Ian Gregory, IFDC Agribusiness Specialist.

"Numerous factors converged simultaneously to cause fertilizer prices to soar, then suddenly collapse. Some have compared the series of events to 'a perfect storm.'"

Prices were essentially driven up by an imbalance between supply and rapidly expanding demand, especially in Asia, Gregory explains. Fertilizer demand reached a level that supply could not match. Demand was particularly strong in China and India. Another factor was increased demand for fertilizers to produce biofuels in the United States, Brazil, and Europe. Increased livestock production created still more demand for grain and thus for fertilizers. Grain reserves became historically low and prices rose sharply.

Further worsening the situation were China's imposition of high tariffs on fertilizer exports and the devaluation of the U.S. dollar in 2007 and 2008. Energy prices peaked, causing an increase in the price of natural gasessential for nitrogen fertilizer production. Phosphate
'/>"/>

Contact: Dr. Thomas Hargrove
thargrove@ifdc.org
256-381-6600
IFDC
Source:Eurekalert  

Page: 1 2

Related biology news :

1. In the animal world, bigger isnt necessarily better
2. World Energy Outlook to be presented at Rice University Dec. 9
3. 100-meter sprint world record could go as low as 9.48 seconds
4. New national park protects worlds rarest gorilla
5. Worker ants of the world, unite! You have nothing to lose but your fertility
6. Oak Ridge supercomputer is the worlds fastest for science
7. Marine invasive species advance 50 km per decade, World Conference on Marine Biodiversity told
8. Less than one month to opening of world’s largest global congress on osteoporosis
9. Arid aquaculture among livelihoods promoted to relieve worsening pressure on worlds drylands
10. Marine invasive species advance 50km per decade, World Conference on Marine Biodiversity told
11. Worlds rarest big cat gets a check-up
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
World fertilizer prices drop dramatically after soaring to all-time highs
(Date:7/11/2014)... The University of Chicago is creating a new ... at the University,s Institute for Molecular Engineering and ... million donation from the Millicent and Eugene Bell ... will reside within the Institute for Molecular Engineering. ... research project at the MBL,s Eugene Bell Center ...
(Date:7/11/2014)... July 10, 2014---A team of researchers from The Chinese ... identified a gene of wild soybean linked to salt ... grow in saline soil. This study published online in ... unveil novel genomic information for crop improvement. , Soybean ... domestication and human selection, cultivated soybeans have less genetic ...
(Date:7/11/2014)... have explored two different ways that allow unprecedented ... the formation of oxygen molecules in photosynthesis. The ... journal Nature Communications . , "The new ... for water oxidation, which are key components for ... of solar energy in fuels like hydrogen, ethanol ...
Breaking Biology News(10 mins):New professorship in tissue engineering links molecular engineering, marine biology 2BGI reports a novel gene for salt tolerance found in wild soybean 2Molecular snapshots of oxygen formation in photosynthesis 2
... people around the world, causing numerous problems ranging from ... Initial drug use can be motivated by curiosity or ... it can also be the result of a stressful ... study examines the impact of social isolation on the ...
... who studied a little genetics in high school has heard ... C that make up the DNA code. But those are ... past decade has drawn attention to a fifth nucleotide, 5-methylcytosine ... helix to regulate which genes are expressed. And now there,s ...
... time. Travelers in search of answers. It sounds ... it also describes a new approach to teaching earth ... associate professor of geology at Kansas State University, and ... of Missouri at Kansas City, designed TerraWorld, an island ...
Cached Biology News:Early isolation linked to enhanced response to cocaine 2New nucleotide could revolutionize epigenetics 2New nucleotide could revolutionize epigenetics 3New nucleotide could revolutionize epigenetics 4K-State using Second Life island to help high school students learn earth science 2
(Date:7/10/2014)... Deep Knowledge Ventures last week ... ‘Commercialising Longevity Research’ and welcomed a host of ... Bioscience Innovation Center for the event, organised by ... Ltd. The meeting highlighted the need for both ... age-related disease, as well as the crucial role ...
(Date:7/10/2014)... July 10, 2014 Unraveling life’s mysteries ... The Archer Family purchased a DNA test ... but ended up with a lifetime of memories, sharing, ... the family members’ DNA genuinely brought the family closer ... search deeper into genetic history and prior to taking ...
(Date:7/10/2014)... EvoDerma ’s NOOME Anti-Aging Motion has been ... comes with a second treatment cup to help prevent and ... cup is thinner on the edges for a softer contact ... and uneven surfaces on the face, neck and décolleté. Choose ... on areas such as the cheeks and neck, or opt ...
(Date:7/10/2014)... On July 9 Prime Minister ... Russia,s first national "Industry" award ... is developing a unique project called MabNext . ... number of innovative drugs based on monoclonal antibodies for ... place at the International Exhibition "Innoprom 2014" in Ekaterinburg. ...
Breaking Biology Technology:DKV Sponsors Forum on Commercialising Longevity Research; Brings Together Scientists, Investors, Entrepreneurs and Celebrities 2DKV Sponsors Forum on Commercialising Longevity Research; Brings Together Scientists, Investors, Entrepreneurs and Celebrities 3DKV Sponsors Forum on Commercialising Longevity Research; Brings Together Scientists, Investors, Entrepreneurs and Celebrities 4DKV Sponsors Forum on Commercialising Longevity Research; Brings Together Scientists, Investors, Entrepreneurs and Celebrities 5DKV Sponsors Forum on Commercialising Longevity Research; Brings Together Scientists, Investors, Entrepreneurs and Celebrities 6Ancestry DNA Test Reveals a Controversial and Undiscovered Family History 2Ancestry DNA Test Reveals a Controversial and Undiscovered Family History 3Ancestry DNA Test Reveals a Controversial and Undiscovered Family History 4Ancestry DNA Test Reveals a Controversial and Undiscovered Family History 5Introducing a New Bonus Treatment Cup for EvoDerma’s NOOME Anti-Aging Motion 2Dmitry Medvedev Presented BIOCAD the First National "Industry" Award 2
... May 13 Nile Therapeutics, Inc.,(Nasdaq: NLTX ), ... will present at the Rodman & Renshaw 5th Annual ... 20th at Le Meridian Beach,Plaza Hotel in Monte Carlo, ... on the status of Nile,s current clinical development,programs., ...
... May 13 /PRNewswire-FirstCall/ - BioMS Medical Corp (TSX: MS),a leading ... Dr. Mark Krantz, Vice President Scientific Affairs, BioMS,Medical, will present ... Conference in Las Vegas., WHEN: ... Red Rock Casino, Resort and Spa, Las ...
... history, BRONX, N.Y., May 13 The ... announced that it has received a major,gift of ... the College,s 53-year history,-- from Ruth L. and ... is,available., (Photo: http://www.newscom.com/cgi-bin/prnh/20080513/NYTU059-a ), (Logo: ...
Cached Biology Technology:Nile Therapeutics to Present at the Rodman & Renshaw 5th Annual Global Healthcare Conference 2BioMs Medical to present at TIDES(R) Conference 2Albert Einstein College of Medicine Receives $25-Million Gift to Support Stem Cell and Epigenomic Research and Clinical Skills Training 2Albert Einstein College of Medicine Receives $25-Million Gift to Support Stem Cell and Epigenomic Research and Clinical Skills Training 3Albert Einstein College of Medicine Receives $25-Million Gift to Support Stem Cell and Epigenomic Research and Clinical Skills Training 4Albert Einstein College of Medicine Receives $25-Million Gift to Support Stem Cell and Epigenomic Research and Clinical Skills Training 5
BD BioCoat Collagen IV 35 mm Culture Dishes, tissue-culture treated polystyrene with a uniform application of mouse collagen type IV....
... are designed for sequencing inserts cloned into ... or T3 RNA polymerase promoters, or lambda ... at a concentration of 0.1 µg/µl in ... DNA sequencing reactions using SequiTherm™ EXCEL™ II ...
BD BioCoat Matrigel Matrix 35 mm Culture Dishes Coating : BD MatrigelTM Basement Membrane Matrix ,Surface : ECM/attachment factors ,Surface area : 9.6 cm2 ,Dim nominal : 35 mm x 10 mm ,Vo...
BD BioCoat Collagen I 35 mm Culture Dishes, tissue-culture treated polystyrene with a uniform application of rat tail collagen type I....
Biology Products: