Odufuye Advocates for Fertiliser Cost Forecasting in US

Olawunmi Odufuye, a finance and project-management professional, has called for enhanced forecasting of fertiliser costs and supply conditions to bolster food security in the United States. In her article on fertiliser economics, she asserts that forward-looking analysis can aid manufacturers, farmers, investors, and policymakers in adapting to fluctuations in production costs and supply.

Odufuye identifies various factors influencing fertiliser markets, including energy prices, raw material availability, production capacity, and geopolitical developments. She stresses the importance of scenario analysis to assess the impact of changes in these factors on costs.

Odufuye also points out the potential effects of fertiliser costs on farmers, particularly those growing major crops like corn and wheat. She notes that while better forecasting won't eliminate market volatility, it can provide stakeholders with more time to prepare for changing conditions.

Additionally, she references the United States Department of Agriculture's announcement of at least $500 million for the Fertiliser Investment & Expansion for Long-term Domestic Supply programme, known as the FIELDS Programme.