DTN Retail Fertilizer Trends

Fertilizer Prices Continue Mostly Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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MAP is the only fertilizer to show movement lower in the past month.

OMAHA (DTN) -- Retail fertilizer prices continued to be mostly higher the second week of April 2020, according to retailers surveyed by DTN. The recent trend, which is still in place, features extremely slight price moves.

Seven fertilizers were slightly higher in price compared to last month. DAP has an average price of $410/ton, potash $370/ton, urea $384/ton, 10-34-0 $468/ton, anhydrous $492/ton, UAN28 $236/ton and UAN32 $279/ton.

The remaining fertilizer had a slightly lower price looking back to a month earlier. MAP had an average price of $433/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.44/lb.N.

The COVID-19 pandemic has had an effect on nearly everything in the world, including the fertilizer industry. While fertilizer businesses continue to operate as an essential industry across the globe, the virus is causing changes to how companies operate.

One example would be Australian fertilizer manufacturer Incitec Pivot Limited. The company pulled out of a deal to sell its Asia Pacific fertilizer business amid the uncertainty created by the coronavirus, according to Dow Jones on Monday.

Incitec, which manufactures, imports and distributes urea and ammonia in Australia, said it was calling off talks with potential buyers of the business following a strategic review. Those discussions had followed Incitec's decision to explore a sale in early September 2019.

Considering how fast the situation has changed with the pandemic, the demise of this deal will probably not be the only change of plans by fertilizer businesses in the coming weeks and months.

Retail fertilizers are now all lower in price from a year ago. Both DAP and MAP are 19% lower, anhydrous is 17% less expensive, UAN28 is 13% lower, UAN32 is 12% less expensive, both potash and urea are 5% lower and 10-34-0 is 3% less expensive from last year at this time.

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.

DRY
Date Range DAP MAP POTASH UREA
Apr 15-19 2019 504 531 388 404
May 13-17 2019 498 526 392 426
Jun 10-14 2019 497 527 392 434
Jul 8-12, 2019 497 532 392 431
Aug 5-9 2019 495 531 395 428
Sep 2-6 2019 491 488 387 408
Sep 30-Oct 4, 2019 476 474 384 404
Oct 28-Nov 1 2019 464 472 383 402
Nov 25-29 2019 456 465 381 386
Dec 23-27 2019 443 454 377 378
Jan 20-24 2020 413 435 374 357
Feb 17-21 2020 410 435 373 361
Mar 16-20 2020 408 433 370 382
Apr 13-17 2020 410 433 370 384
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 15-19 2019 481 594 270 317
May 13-17 2019 487 595 267 311
Jun 10-14 2019 487 591 271 314
Jul 8-12, 2019 485 585 276 317
Aug 5-9 2019 491 580 272 320
Sep 2-6 2019 473 522 255 290
Sep 30-Oct 4, 2019 470 511 253 289
Oct 28-Nov 1 2019 468 503 251 291
Nov 25-29 2019 472 497 245 277
Dec 23-27 2019 469 488 240 276
Jan 20-24 2020 470 487 237 275
Feb 17-21 2020 464 490 235 277
Mar 16-20 2020 466 491 235 278
Apr 13-17 2020 468 492 236 279

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

Follow him on Twitter @RussQuinnDTN

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Russ Quinn