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The cost of producing phosphoric acid is another critical determinant of its market price. Key production costs include raw materials, energy, labor, and transportation. For instance, fluctuations in the price of sulfuric acid—a primary feedstock used in the production of phosphoric acid—can lead to increased production expenses, impacting the overall price of phosphoric acid. Moreover, rising energy costs, driven by global oil prices or shifts in energy policies, can further exacerbate production costs.

Fertilizers play a crucial role in modern agriculture, providing essential nutrients that enhance soil fertility and promote healthy plant growth. As the global population continues to rise, the demand for food has never been more pressing. To meet this demand, farmers have increasingly turned to fertilizers, which have become an integral part of agricultural practices worldwide.