OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first full week of 2020 show the trend of lower prices persisting into the new year.
For the second straight week, seven of the eight major fertilizers had lower prices compared to a month earlier. Only urea was down a noteworthy amount, about 6%, compared to last month and had an average price of $358 per ton, down $22/ton. DTN considers a price move of 5% or more to be significant.
Six fertilizers had slight price declines from the previous month. DAP had an average price of $435/ton, down $10/ton; MAP $444/ton, down $19/ton; potash $375/ton, down $3/ton; anhydrous $486/ton, down $3/ton; UAN28 $237/ton, down $4/ton; and UAN32 $272/ton, down $4/ton.
The remaining fertilizer, 10-34-0, had a negligible price increase compared to last month. The starter fertilizer had an average price of $471/ton, up $1/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N.
Rabobank reported that global phosphate prices are at their lowest level in more than 10 years, according to Dow Jones on Tuesday. The report stated there has been a significant drop-off in demand and additional supplies will likely keep a lid on prices into 2020.
Lower demand was seen globally due to weather issues in the U.S. and India during last year's planting season, which caused some phosphate producers to cut production temporarily. Output, however, is expected to pick up again in 2020.
The 2020 outlook for phosphorus fertilizer was covered in detail in last month's DTN World Fertilizer Outlook series. The phosphorus fertilizer outlook can be viewed at https://www.dtnpf.com/….
Retail fertilizers are mixed in price from a year ago. MAP is 17% lower, anhydrous is 15% less expensive, DAP is 14% lower, urea is 12% less expensive, UAN28 is 11% lower, UAN32 is 10% less expensive and potash is 2% less expensive from last year at this time. In addition, 10-34-0 is 2% 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 7-11 2019||508||533||381||407|
|Feb 4-8 2019||511||536||385||408|
|Mar 4-8 2019||510||534||386||403|
|Apr 1-5 2019||509||533||386||405|
|Apr 29-May 3 2019||498||528||390||413|
|May 27-31 2019||497||527||392||430|
|Jun 24-28, 2019||495||531||392||429|
|Jul 22-26 2019||495||531||394||430|
|Aug 19-23 2019||491||495||387||413|
|Sep 16-20 2019||480||478||384||404|
|Oct 14-18, 2019||465||472||382||402|
|Nov 11-15 2019||457||465||382||388|
|Dec 9-13 2019||445||463||378||380|
|Jan 6-10 2020||435||444||375||358|
|Jan 7-11 2019||461||573||267||304|
|Feb 4-8 2019||470||596||271||318|
|Mar 4-8 2019||470||596||270||317|
|Apr 1-5 2019||474||599||272||319|
|Apr 29-May 3 2019||487||595||268||315|
|May 27-31 2019||487||590||270||314|
|Jun 24-28, 2019||487||584||269||318|
|Jul 22-26 2019||485||582||272||320|
|Aug 19-23 2019||475||530||257||291|
|Sep 16-20 2019||471||509||254||289|
|Oct 14-18, 2019||471||507||253||289|
|Nov 11-15 2019||473||496||246||284|
|Dec 9-13 2019||470||489||241||276|
|Jan 6-10 2020||471||486||237||272|
Russ Quinn can be reached at firstname.lastname@example.org
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