Ammonia Price Trend and Forecast

The price of anhydrous ammonia has risen considerably in the first quarter of 2022. The increase in price is primarily due to the substantial increase in gas price which is used as a key raw material for the majority of nitrogen fertilizers including Ammonia. As a result, Russia imposed temporary export quotas and restrictions on specific types of fertilisers in recent months, further reducing global supply and driving fertiliser prices upward. Furthermore, a recent increase in fertilizer costs has been aided by an increase in Ammonia Price and certain potash supply difficulties in Canada. Finally, ongoing supply chain concerns, weather-related interruptions, and rising shipping container costs are all likely to contribute to fertilizer shortages and price increases. Anhydrous Ammonia CFR Tampa prices remained at USD1177/MT.

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