DTN Retail Fertilizer Trends

Fertilizer Prices Post Minimal Increases

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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DAP prices increased by $5 from last month with an average price of $413/ton. DAP is 17% lower compared to the same time last year. (DTN Chart)

OMAHA (DTN) -- Retail fertilizer prices remain flat compared to last month, with the average price of all eight major fertilizers moving by $3/ton or less, according to prices tracked by DTN for the third week of April 2020.

Six fertilizers were higher in price compared to last month, but none of them were up a significant amount, which DTN considers 5% or more. DAP has an average price of $410/ton, up $1; urea $385/ton, up $3; 10-34-0 $468/ton, up $2; anhydrous $492/ton, $1; UAN28 $236/ton, up $1; and UAN32 $279/ton, up $1.

The remaining two fertilizers had a slightly lower price with MAP averaging $433/ton, down $1, and potash $370/ton, down fractionally from last month.

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.

Last week, we reported that Australian fertilizer manufacturer Incitec Pivot Ltd. Was pulling out a potential sale of its Asia Pacific fertilizer business amid the uncertainty created by the COVID-19 pandemic. We have since learned there's perhaps yet another reason why the deal was called off.

Morgan Stanley stated Incitec expects a better outlook for fertilizer demand, which has reduced risks to the company's balance sheet, Dow Jones reported. Not everything is positive for the company, however, as Morgan Stanley also pointed out the company's financial performance is higher than the company's peers.

"Upward movement in key fertilizer prices, an improved domestic season and lower Australian dollar/U.S. dollar provide some tailwinds for Incitec," said Morgan Stanley.

Retail fertilizers are now all lower in price from a year ago. Both DAP and MAP are 18% lower, anhydrous is 17% less expensive, UAN28 and UAN32 are both 12% lower, urea is 6% less expensive, potash is 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 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
Feb 3-7 2020 413 435 373 361
Mar 2-6 2020 409 432 369 369
Mar 30-Apr 3 2020 408 432 370 383
Apr 27-May 1 2020 413 433 370 386
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Feb 3-7 2020 464 490 235 277
Mar 2-6 2020 466 490 235 277
Mar 30-Apr 3 2020 467 492 235 278
Apr 27-May 1 2020 468 492 237 279

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn