Updated: Dec 26, 2021
The COVID-19 pandemic has caused a domino effect on pricing in many different industries, including fertilizer. The last time fertilizer prices soared this high was in 2008 when oil hit an all-time high. Fertilizer prices have been surging throughout the second half of 2021. There doesn’t look like there is any end in sight. In fact, fertilizer prices are projected to increase another 3% by the end of next year. Part of the reason for the price increase is due to robust demand and higher input costs. Since working from home became popular, many families are eating at home, increasing the need for produce and fertilizer. Online ordering has rapidly increased, causing supply chain constraints with delays in shipping product. A shortage of truck drivers and rising inflation is compounding the problem. Alternative nutrients, planning ahead, and buying in bulk are some ways to help offset these high input costs.
ViTech offers discounts on bulk orders and since ViTech’s products are extremely concentrated, you can ship less of the product to get the same results.