DTN Retail Fertilizer Trends

DAP Price Increases Sharply While Most Other Prices Continue Slow Decline

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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DAP price increased by $20 per ton, or 5%, compared to last month, bringing the average retail price to $426 per ton. Prices are still 14% lower than they were at the same time last year. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices continued to be mostly lower the second week of August 2020, although the price of DAP jumped significantly from last month, according to retailers surveyed by DTN.

The average retail price of DAP increased 5% from last month, which DTN considers the threshold for significant change. It had an average price of $426 per ton, up $20/ton from last month. MAP prices also increased by $6 to an average of $434/ton.

The remaining six fertilizers were lower in price compared to last month, although none fell enough to be considered significant. Potash had an average price of $353/ton, down $8; urea $355/ton, down $4; 10-34-0 $465/ton, down $3; anhydrous $447/ton, down $14; UAN28 $221/ton, down $4; and UAN32 $259/ton, down $4.

On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.27/lb.N, UAN28 $0.39/lb.N and UAN32 $0.40/lb.N.

Political unrest in Belarus could ultimately influence retail fertilizer prices, Dow Jones reported. Workers at the world's largest potash mine are joining the widespread protests about the country's election results. Belarus President Alexander Lukashenko claimed 80% of the votes, but that victory is being widely disputed.

JSC Belaruskali, the potash mine, controls up to 20% of the global supply of potash, which means any disruptions could affect global potash price. Scotiabank estimates a two-week strike at Belaruskali would reduce quarterly global potash production by 3.5%, although it isn't clear if the strike has affected output yet.

However, it's unlikely to spark immediate price changes. Potash is mostly sold in long-term contracts rather that in a spot market like most other commodities. Analysts quoted in the Dow Jones article also said potash has been in an oversupplied situation for years, which should also lessen the retail price impacts.

Retail fertilizer prices continue to be considerably lower from a year ago. Anhydrous is 18% lower; UAN28 is 15% less expensive; DAP, MAP and urea are all 14% lower; UAN32 is 12% less expensive; potash is 9% lower and 10-34-0 is 2% 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.

Aug 12-16 2019493503387413
Sep 9-13 2019486482385407
Oct 7-11, 2019472473383403
Nov 4-8 2019462471384396
Dec 2-6 2019445463379381
Dec 30-Jan 3 2020438446376363
Jan 27-31 2020414435373359
Feb 24-28 2020409434371366
Mar 23-27 2020409434370382
Apr 20-24 2020410433370385
May 18-22 2020409434367387
Jun 15-19 2020405429363360
Jul 13-17 2020406428361359
Aug 10-14 2020426434353355
Date Range10-34-0ANHYDUAN28UAN32
Aug 12-16 2019475543258295
Sep 9-13 2019471516253289
Oct 7-11, 2019470509253289
Nov 4-8 2019473499249289
Dec 2-6 2019470490242276
Dec 30-Jan 3 2020470487238273
Jan 27-31 2020467488237275
Feb 24-28 2020466490235277
Mar 23-27 2020466491235278
Apr 20-24 2020468492236279
May 18-22 2020469490237280
Jun 15-19 2020468464233273
Jul 13-17 2020468460225263
Aug 10-14 2020465447221259

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn