DTN Retail Fertilizer Trends

Anhydrous Continues to Lead Retail Fertilizer Prices Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of anhydrous the fourth week of August 2022 was $1,331 per ton, down 7% from last month. (DTN chart)

OMAHA (DTN) -- All average retail fertilizer prices moved lower again the fourth week of August 2022, according to sellers surveyed by DTN. This marks a full month all eight of the major fertilizers are less expensive compared to a month ago.

Only one fertilizer was significantly lower, which DTN designates as anything 5% or more.

Anhydrous was 7% less expensive than last month. The nitrogen fertilizer's average price was $1,331 per ton.

The remaining seven fertilizers were just slightly lower. DAP had an average price of $972 per ton, MAP $1,026/ton, potash $880/ton, urea $804/ton, 10-34-0 $869/ton, UAN28 $575/ton and UAN32 $676/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.87/lb.N, anhydrous $0.81/lb.N, UAN28 $1.03/lb.N and UAN32 $1.06/lb.N.

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The European natural gas supply situation is influencing fertilizer production in the continent. Russia's invasion of Ukraine earlier this year has pushed natural gas prices to record highs.

As a result, Yara International announced last week it is curtailing fertilizer production in Europe.

The fertilizer manufacturer will limit production an annual capacity equivalent of 3.1 million metric tons (mmt) on ammonia and 4 mmt on finished products (1.8 mmt urea, 1.9 mmt nitrates and 0.3 mmt NPK). This lowers Yara's total European ammonia capacity utilization to around 35%.

"Yara will, where possible, use its global sourcing and production system to optimize operations and meet customer demand, including continued nitrate production using imported ammonia when feasible," Yara said in a news release on Aug. 25. "Yara will continue to monitor the situation and adapt to market conditions going forward."

Due to skyrocketing natural gas prices, Europe this summer has lost about half of its ammonia production and 33% of its nitrogen fertilizer production, according to London-based research firm CRU Group.

Despite lower prices in recent months, all fertilizers continue to be considerably higher in price than one year earlier.

MAP is 36% more expensive, 10-34-0 is 38% higher, DAP is 40% more expensive, urea is 44% higher, potash and UAN28 are both 55% more expensive, UAN32 is 61% higher and anhydrous is 78% 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.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Canada is urging farmers to reduce fertilizer emissions to curb greenhouse gasses, according to Dow Jones. You can read more about that here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Aug 23-27 2021 697 756 569 557
Sep 20-24 2021 709 786 625 585
Oct 18-22 2021 810 863 716 735
Nov 15-19 2021 825 911 769 859
Dec 13-17 2021 858 935 796 901
Jan 10-14 2022 863 932 807 913
Feb 7-11 2022 876 935 815 905
Mar 7-11 2022 919 955 822 901
Apr 4-8 2022 1040 1056 875 1031
May 2-6 2022 1057 1081 881 1001
May 30-Jun 3 2022 1056 1079 880 979
Jun 27-Jul 1 2022 1039 1053 885 867
Jul 25-20 2022 1005 1041 887 836
Aug 22-26 2022 972 1026 880 804
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Aug 23-27 2021 632 748 370 420
Sep 20-24 2021 633 772 383 436
Oct 18-22 2021 659 940 451 492
Nov 15-19 2021 739 1220 571 651
Dec 13-17 2021 790 1420 579 663
Jan 10-14 2022 796 1430 584 679
Feb 7-11 2022 827 1487 600 699
Mar 7-11 2022 866 1490 603 704
Apr 4-8 2022 901 1534 629 729
May 2-6 2022 906 1534 631 730
May 30-Jun 3 2022 905 1529 633 731
Jun 27-Jul 1 2022 904 1466 611 702
Jul 25-20 2022 894 1431 596 693
Aug 22-26 2022 869 1331 575 676

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

Follow him on Twitter @RussQuinnDTN

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Russ Quinn