DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer prices were evenly mixed, according to locations tracked by DTN for the first full week of November 2022.

Four fertilizers were slightly lower compared to last month while the remaining four were slightly higher. No fertilizer was significantly higher or lower; DTN designates a significant move as anything 5% or more.

The four slightly lower were MAP, potash, urea and 10-34-0. MAP had an average price of $980/ton, potash $853/ton, urea $812/ton and 10-34-0 $758/ton.

The other four fertilizers were slightly more expensive looking back to last month. DAP had an average price of $931/ton, anhydrous $1,434/ton, UAN28 $582/ton and UAN32 $680/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.88/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

A study by the WTO and the UN Food and Agriculture Organization (FAO) calls for improved access to fertilizer across the world to avert a looming food crisis, according to a WTO press release. The study outlines policy recommendations for G20 governments, highlighting the importance of keeping the fertilizer market open to meet global demand.

Several factors have led to rising fertilizer prices globally. These include the war in Ukraine, high inflation, supply chain disruptions and the global economic downturn.

The study urges G20 governments to deploy all policy measures available to deal with the fertilizer crisis, underlining the need to make every effort to keep trade in fertilizers open so that supplies reach the countries in most need of them.

"The study recommends, in particular, that G20 governments keep food, feed and fertilizer markets open and minimize disruptions to trade in fertilizers, including from export restrictions inconsistent with WTO rules," a press release said.

"It stresses the need to ensure access to fertilizers for the most vulnerable countries, including through mobilizing international financial support and leveraging risk management tools, such as fertilizer contract swaps to hedge against extreme price volatility."

The study also recommends improving soil fertility and accelerating innovation for more efficient use of fertilizers, with greater use of precision farming practices.

Most fertilizers continue to be higher in price than one year earlier, although one is now slightly lower.

Urea is now 2% less expensive from one year ago. UAN28 is 3% more expensive, 10-34-0 is 5% higher, MAP is 8% more expensive, UAN32 is 11% higher, potash is 12% more expensive, DAP is 13% higher and anhydrous is 23% more expensive compared to last year.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

The Fertilizer Institute (TFI) send a letter to Congressional leadership last week urging Congress to act to prevent a potential rail strike, which would have a negative effect on fertilizer. You can read it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
Nov 8-12 2021	821	906	762	832
Dec 6-10 2021	840	919	778	887
Jan 3-7 2022	863	931	807	913
Jan 31-Feb 4 2022	877	933	813	905
Feb 28-Mar 4 2022	879	937	815	887
Mar 28-Apr 1 2022	1033	1045	868	1022
Apr 25-29 2022	1049	1082	881	1004
May 23-27 2022	1056	1082	879	989
Jun 20-Jun 24 2022	1040	1058	885	902
Jul 18-22 2022	1007	1043	887	836
Aug 15-19 2022	978	1026	881	807
Sep 12-16 2022	952	1009	877	808
Oct 10-14 2022	925	986	863	824
Nov 7-11 2022	931	980	853	812
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Nov 8-12 2021	719	1162	566	614
Dec 6-10 2021	756	1372	577	661
Jan 3-7 2022	795	1430	584	679
Jan 31-Feb 4 2022	826	1487	600	699
Feb 28-Mar 4 2022	837	1487	603	703
Mar 28-Apr 1 2022	896	1526	637	711
Apr 25-29 2022	906	1534	631	730
May 23-27 2022	906	1531	634	731
Jun 20-Jun 24 2022	905	1497	616	716
Jul 18-22 2022	894	1431	598	696
Aug 15-19 2022	878	1336	576	676
Sep 12-16 2022	861	1369	578	665
Oct 10-14 2022	759	1417	576	670
Nov 7-11 2022	758	1434	582	680

Russ Quinn can be reached at Russ.Quinn@dtn.com

Follow him on Twitter @RussQuinnDTN

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