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Interesting. Nearly a 4x pricing increase in two years:
The general manager of distributor AG Plus, Matt Henry, said its two main fertilisers, MAP or monammonium phosphate and DAP or diammonium phosphate, were worth between $420 and $450 a tonne two years ago. "Then last year they got as high as $780 to $800 a tonne," he said. The price is now above $1400 a tonne.
Wonder if these new numbers are factored into the ROI of biofuels. ;->
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http://www.ers.usda.gov/publications/WRS0702/wrs0702.pdf
explains why.
Posted by: DHM | May 11, 2008 at 02:58 PM
DHM. Excellent article. Thanks.
Posted by: John Robb | May 11, 2008 at 09:25 PM
It would be informative do an analysis of the net production capacity of the US bread-basket assuming ammonia production is based on corn ethanol rather than natural gas.
Posted by: James Bowery | May 12, 2008 at 07:40 AM
not suprising
http://globalguerrillas.typepad.com/johnrobb/2008/04/food-production.html#comment-111776206
Posted by: Claymore | May 13, 2008 at 03:41 AM
http://energybulletin.net/44055.html
Posted by: Claymore | May 13, 2008 at 04:01 AM