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Fertilizer Prices and Oil Link Not Direct Says Experts
Industry experts say fertilizer costs, especially nitrogen, are not directly tied to oil prices. Ross McKnight notes nitrogen fertilizer is made from natural gas, which hasn’t dropped in Canada, while Dan MacNamara cites a deregulation transition that may lower future gas- tied prices. A glut on the world market keeps some price relief possible despite long term agreements.
MENTIONED IN THIS ARTICLE
Ross McKnight
The
Western Fertilizer and Chemical Dealers Association
Canada
Dan MacNamara
Canadian Petroleum Association
MacNamara
McKnight