Agricultural input prices rose more than 100% in 2021Oct, 28, 2021 Posted by Ruth Hollard
Rising input prices were the main factor in increased agricultural production costs in 2021.
Fertilizer prices, for example, rose more than 100% from January to September this year, due to high demand, shortage of world supply, rising international prices, and logistical problems.
In 2021, the prices of urea, mono-ammonium phosphate (MAP), and potassium chloride (KCL) rose by 70.1%, 74.8%, and 152.6%, respectively. This scenario of an appreciation trend in fertilizer prices should continue in 2022, impacting the profit margin of rural producers.
The information comes from the Campo Futuro project, an initiative of the CNA/Senar System that surveys economic, financial, and technical data, and monitors the prices of inputs used in more than 40 agricultural activities.
The project was carried out in partnership with the Center for Advanced Studies in Applied Economics (Cepea-Esalq/USP), Labor Rural (Federal University of Viçosa – UFV), Pecege (Esalq/USP), and the Market Intelligence Center of the Federal University of Lavras (CIM/UFLA).
Source: Canal Rural
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