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A Look at the Fertilizer Affordability Index Last Week

Adam Jones
A Look at the Fertilizer Affordability Index Last Week

In this final part of the series, we’ll look at the Fertilizer Affordability Index last week for NPK (nitrogen, phosphorous, and potassium) fertilizers. Mosaic (MOS) issues this index weekly. The index level was set to one in the base year of 2005, which tells us the relationship between the prices of key NPK fertilizers in relation to the key fertilizer consuming crops such as corn, wheat, and soybeans. The higher affordability is favorable for volume shipments for CF Industries (CF), Nutrien (NTR), and Intrepid Potash (IPI).