Itafos predicts high prices for phosphorus fertilizers
The Canadian company Itafos predicts high prices for phosphorus fertilizers next year since there are no prospects for increasing their production in several countries due to the delay of investment projects and the restrictions imposed amid the COVID-19 pandemic. The suspension of exports from China by at least June 2022 will also keep prices for phosphorus fertilizers up.
At the same time, the consumption of phosphorus fertilizers will be supported by the high cost of grain and oilseeds with their low stocks. Sulfur prices will also be high due to strong demand from the phosphorus fertilizer producers and limited supply. The same will happen with ammonia due to the rise in prices for natural gas, which led to the shutdown of some chemical plants around the world.