US farmers paid more in March for fertilizer - USDA

30 March 2010 21:30  [Source: ICIS news]

HOUSTON (ICIS news)--US farmers paid more for fertilizers and certain other inputs in March than they paid in February, the US Department of Agriculture (USDA) said on Tuesday.

USDA’s overall March index for production prices, at 184 (1990-1992 = 100), was unchanged from February, but was four points (2.2%) above March 2009.

Lower prices in March for complete feeds, LP gas, herbicides, and supplements offset higher prices for potash and phosphate fertilizers, nitrogen, diesel, and feeder cattle.

The index for fertilizers, at 295, was up 6.1% from February, but was 7.8% below March a year ago, according to USDA’s National Agricultural Statistics Service (NASS).

The March chemical index for herbicides, insecticides and fungicides, at 124, decreased 8.8% in February and 18% from March 2009.

The March fuels index, at 277, was up 0.4% from a month earlier and 45% above March 2009.

Compared with February, prices were higher for diesel and gasoline but lower for liquefied petroleum gas (LPG), according to the USDA.

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By: Frank Zaworski
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