DTN Retail Fertilizer Trends

Nutrien Ramps Up Potash Production as Fertilizer Prices Rise

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
Connect with Russ:
A ton of potash cost an average of $881 in the fourth week of April. That's more than double what it cost at the same time last year. (DTN chart)

OMAHA (DTN) -- According to retail fertilizer prices tracked by DTN for the fourth week of April 2022, prices are somewhat mixed to end the month of April.

Six fertilizers' prices were higher, but none were up significantly. DTN designates a significant move as anything 5% or more.

DAP had an average price of $1,049 per ton, MAP $1,082/ton (all-time high), potash $881/ton, 10-34-0 $906/ton, anhydrous $1,534/ton (all-time high) and UAN32 $730/ton (all-time high).

MAP is now at an all-time high price for the phosphorus fertilizer after tying the all-time high price last week.

Two fertilizers were slightly lower compared to last month but nothing notable.

Urea had an average price of $1,004/ton, while UAN28 was at $631/ton.

On a price per pound of nitrogen basis, the average urea price was at $1.09/lb.N, anhydrous $0.94/lb.N, UAN28 $1.13/lb.N and UAN32 $1.14/lb.N.

Dow Jones reported on Tuesday, May 3, that with the war in Ukraine blowing a hole in global fertilizer supplies, Nutrien is planning on increasing production to fill these deficits.

The Canadian fertilizer company is ramping up its potash output to a record 15 million tons this year. Next year, the company said it is looking at even further production increases.

"If we look at the ability to flex production, a lot of it resides with Nutrien," interim Nutrien CEO Ken Seitz said.

Nutrien's stocks gained 5% on Tuesday.

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 67% more expensive, UAN28 is 81% higher, UAN32 is 87% more expensive, urea is 96% is higher, potash is 103% higher and anhydrous is 116% 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.

Farm equipment manufacturer John Deere could see setbacks in the year due to rising fertilizer prices affecting demand for equipment, Dow Jones reported. You can read it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Apr 26-30 2021 629 703 433 513
May 24-28 2021 652 709 443 523
Jun 21-25 2021 670 720 469 541
Jul 19-23 2021 695 750 543 553
Aug 16-20 2021 695 755 564 556
Sep 13-17 2021 702 776 598 572
Oct 11-15 2021 798 860 710 719
Nov 8-12 2021 821 906 762 832
Dec 6-10 2021 840 919 778 887
Jan 3-7 2022 863 931 807 913
Jan 31-Feb 4 2022 877 933 813 905
Feb 28-Mar 4 2022 879 937 815 887
Mar 28-Apr 1 2022 1033 1045 868 1022
Apr 25-29 2022 1049 1082 881 1004
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Apr 26-30 2021 613 710 350 391
May 24-28 2021 619 719 361 407
Jun 21-25 2021 625 724 366 420
Jul 19-23 2021 632 736 365 419
Aug 16-20 2021 631 743 369 420
Sep 13-17 2021 632 762 381 428
Oct 11-15 2021 654 873 442 488
Nov 8-12 2021 719 1162 566 614
Dec 6-10 2021 756 1372 577 661
Jan 3-7 2022 795 1430 584 679
Jan 31-Feb 4 2022 826 1487 600 699
Feb 28-Mar 4 2022 837 1487 603 703
Mar 28-Apr 1 2022 896 1526 637 711
Apr 25-29 2022 906 1534 631 730

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

Follow him on Twitter @RussQuinnDTN

Russ Quinn