Fertilizer pricing AND Food Price Report

Plenty of changes in fertilizer pricing in the past six month----with some products remaining high and others declining in price. Josh Linville with Fertilizer StoneX in the United States. This past summer there was a lot of concern about the potential for even higher fertilizer prices---considering the war between Russia and Ukraine. Linville talks about the lower prices for phosphate, potash and urea---but the same cannot be said for anhydrous or urea ammonium nitrate.Canada's Food Price Report predicts the average family of four will be spending an additional $1,065 on food next year---which works out to a 5 to 7 percent increase.The report is an annual collaboration between four Canadian Universities---including the University of Saskatchewan. USask Associate professor Stuart Smythe says on-farm and processing costs are rising---but other things are adding to the bill as well.See omnystudio.com/listener for privacy information.