Fertilizer prices fall from record highs amid lower demand
![Fertilizer prices fall from record highs amid lower demand](/content/images/size/w1200/2022/04/photo_2022-04-23_03-55-02.jpg)
The Tampa, Florida, nitrogen fertilizer price index fell more than 12 percent Friday. It's the steepest drop since 2019. Record prices have slowed industrial demand.
Alexis Maxwell, a Bloomberg analyst, believes that despite a "temporary respite" in the fertilizer market, price volatility will remain high. The reason for that is high prices for natural gas, of which nitrogen is a derivative, in Europe.