OMAHA (DTN) -- Average retail fertilizer prices continued to move higher the second week of January 2019, although none saw significant price jumps, according to fertilizer retailers surveyed by DTN. That brings a four-week price spike for three nitrogen fertilizers to an end.
As has been the case the last three consecutive weeks, prices for seven of the eight major fertilizers are higher, though none by a considerable amount, which DTN considers a price move of 5% or more.
DAP had an average price of $508 per ton, up $3; MAP $533/ton, up fractionally; potash $381/ton, up $6; 10-34-0 $461/ton, up $6; anhydrous $573/ton, up $21; UAN28 $267/ton, up $6; and UAN $304/ton, up $2.
The average urea price was fractionally lower than last month at $407 per ton.
On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.35/lb.N, UAN28 $0.48/lb.N and UAN32 $0.47/lb.N.
The Mosaic Company announced last week that it has entered into a memorandum of understanding (MOU) with Sinochem, China's largest agricultural input company, according to Dow Jones. Sinochem intends to purchase phosphate rock and phosphate fertilizer, including premium products, from Mosaic.
Terms and conditions of the purchases are to be outlined in a separate contract between the two companies.
"We are pleased to build on our promising relationship with Sinochem," Mosaic President and CEO Joc O'Rourke said. "Sinochem is developing a Modern Agriculture Platform for China, and we at Mosaic look forward to partnering with Sinochem to contribute to this important progress for Chinese farmers."
All eight of the major fertilizers are now higher compared to last year with prices shifting higher. MAP is 9% more expensive, potash is 10% higher, DAP is 11% more expensive, 10-34-0 is 13% higher, urea is 17% more expensive, UAN32 is 18% higher, anhydrous is 20% more expensive and UAN28 is now 22% higher compared to last year.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
|Jan 8-12 2018||456||491||346||352|
|Feb 5-9 2018||458||493||344||355|
|Mar 5-9 2018||463||503||349||367|
|Apr 2-6 2018||478||508||352||370|
|Apr 30-May 4 2018||485||505||353||368|
|May 28-June 1 2018||483||504||354||364|
|Jun 25-29 2018||485||505||354||364|
|Jul 23-27 2018||486||504||356||366|
|Aug 20-24 2018||487||514||356||364|
|Sep 17-21 2018||494||520||362||384|
|Oct 15-19 2018||498||518||365||405|
|Nov 12-16 2018||500||530||368||407|
|Dec 10-14 2018||505||533||375||407|
|Jan 7-11 2019||508||533||381||407|
|Jan 8-12 2018||410||479||220||258|
|Feb 5-9 2018||415||492||227||261|
|Mar 5-9 2018||422||499||234||272|
|Apr 2-6 2018||425||508||239||274|
|Apr 30-May 4 2018||431||510||241||277|
|May 28-June 1 2018||439||504||241||276|
|Jun 25-29 2018||440||504||242||277|
|Jul 23-27 2018||442||501||243||279|
|Aug 20-24 2018||446||481||233||271|
|Sep 17-21 2018||448||494||239||278|
|Oct 15-19 2018||457||494||243||283|
|Nov 12-16 2018||457||519||245||287|
|Dec 10-14 2018||455||552||261||302|
|Jan 7-11 2019||461||573||267||304|
Russ Quinn can be reached at firstname.lastname@example.org
Follow him on Twitter @RussQuinnDTN
© Copyright 2019 DTN/The Progressive Farmer. All rights reserved.