DTN Retail Fertilizer Trends

MAP Fertilizer Price Index Ties All-Time Record

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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MAP prices touched their previous high this week, coming in at $1,079 per ton. The phosphate fertilizer is 54% more expensive than last year. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices continued to be slightly higher again the third week of April 2022, according to sellers surveyed by DTN.

The prices of two fertilizers were higher by a significant amount compared to last month, which DTN designates as 5% or more.

The average retail price of MAP was up 6% compared to last month. The phosphorus fertilizer had an average price of $1,079/ton. This ties the all-time-high price for MAP in our DTN data set. The previous time this level was achieved was the first week of November 2008.

The other fertilizer up considerably in price was UAN32, which was 5% more expensive compared to last month. The liquid nitrogen's average price was $730/ton (all-time high price).

The remaining six fertilizers were slightly higher looking back to last month. DAP had an average price of $1,050/ton (all-time high), potash $879/ton, urea $1,012/ton (all-time high), 10-34-0 $906/ton, anhydrous $1,534/ton (all-time high) and UAN28 $631/ton (all-time high).

On a price per pound of nitrogen basis, the average urea price was at $1.10/lb.N, anhydrous $0.94/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.

Farm machinery manufacturer John Deere could see setbacks in the year ahead, as rising fertilizer prices and other input costs could affect demand for equipment from farmers, according to Dow Jones. Analysts at Bank of America said in a research note that Deere is concerned about farmers' costs in the future.

Overall, farmers appear to be set for an "excellent year" of profitability in 2023, but sentiment on big investments appears to be rolling over.

"A higher-than-expected number of dealers are complaining that soaring fertilizer costs could come out of new equipment budgets," according to Bank of America, Dow Jones reported.

Most fertilizers continue to be considerably higher in price than one year earlier.

10-34-0 is 48% more expensive, MAP is 54% higher, DAP is 68% more expensive, UAN28 is 81% higher, UAN32 is 87% more expensive, urea is 99% is higher, potash is 103% higher and anhydrous is 117% more expensive compared to last year.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.

We look at the three fertilizers not at their all-time high prices and how close they really are to reaching those levels. You can read it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Apr 19-23 2021 627 703 432 510
May 17-21 2021 642 708 440 521
Jun 14-18 2021 661 719 454 531
Jul 12-16 2021 693 730 501 550
Aug 9-13 2021 695 755 563 555
Sep 6-10 2021 699 757 575 558
Oct 4-8 2021 736 829 675 653
Nov 1-5 2021 814 900 750 820
Nov 29-Dec 3 2021 836 918 777 873
Dec 27-31 2021 864 931 809 911
Jan 24-28 2022 877 936 814 910
Feb 21-25 2022 874 934 815 885
Mar 21-25 2022 1014 1018 850 976
Apr 18-22 2022 1050 1079 879 1012
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 19-23 2021 612 707 348 391
May 17-21 2021 620 716 361 407
Jun 14-18 2021 621 719 365 414
Jul 12-16 2021 624 725 368 418
Aug 9-13 2021 630 740 366 418
Sep 6-10 2021 631 750 371 422
Oct 4-8 2021 639 803 400 456
Nov 1-5 2021 702 1113 545 604
Nov 29-Dec 3 2021 756 1313 575 661
Dec 27-31 2021 795 1428 583 679
Jan 24-28 2022 817 1492 601 699
Feb 21-25 2022 837 1488 602 703
Mar 21-25 2022 881 1523 622 698
Apr 18-22 2022 906 1534 631 730

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn