DTN Retail Fertilizer Trends

Average 10-34-0 Price Drops 12% in Month; Five of Eight Fertilizers Lower

Todd Neeley
By  Todd Neeley , DTN Environmental Editor
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The average retail price of 10-34-0 declined 12% from last month to $759/ton, but it's still 16% more expensive than at this time last year. (DTN Chart)

LINCOLN, Neb. (DTN) -- Five of eight fertilizer prices tracked by DTN are on the downward slide in the second week of October compared to one month ago, with the starter fertilizer 10-34-0 continuing a significant drop for the second straight week.

For just the second time in six weeks, the price of 10-34-0 was the only fertilizer showing a significant drop, defined by DTN as 5% or greater.

The average price of 10-34-0 was $759 per ton for the second week of October, falling a whopping 12% from one month ago.

Three fertilizers recorded drops of about 2% or higher in price in the past month, including DAP, MAP and potash.

DAP's average price was $925/ton, down about 3% from one month ago. MAP's average price dropped to $986 a ton from $1,009 one month ago, or about 2%. The average price of potash dropped by about 2% to $863/ton. The average price of UAN28 fell fractionally from $578/ton to $576 in this update.

Three fertilizers recorded average price jumps of between 1% and 4% this month.

The average price of anhydrous spiked by about 4% to $1,417/ton since last month. Urea jumped in price by about 2% from $808/ton to $824. UAN 32's average price saw a 1% bump from $665/ton to $670.

Dow Jones reported this week that Brazilian ports have been building fertilizer stocks in their warehouses in recent months, pointing to lower domestic demand and buyers moving up their fertilizer purchases during the Russian invasion of Ukraine.

Dow Jones said total fertilizer imports to Brazil increased by about 3.8% to 27.9 million metric tons in the nine months through September compared to the same period last year, citing a report from Itau BBA. Dow Jones said China was the largest fertilizer supplier to Brazil in September, while Russia was the largest during the first nine months of 2022.

For more on ongoing fertilizer price trends see DTN's fertilizer outlook here, https://www.dtnpf.com/….

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

MAP is 15% higher; DAP is 16% higher, urea is 15% higher and 10-34-0 is 16% higher; potash is 22% higher; UAN28 is 31% more expensive; UAN32 is 37% higher and anhydrous is 62% 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.

Dry
Date Range DAP MAP POTASH UREA

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

May 23-27 2022

1056

1082

879

989

Jun 20-Jun 24 2022

1040

1058

885

902

Jul 18-22 2022

1007

1043

887

836

Aug 15-19 2022

978

1026

881

807

Sep 12-16 2022

952

1009

877

808

Oct 10-14 2022

925

986

863

824

Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32

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

May 23-27 2022

906

1531

634

731

Jun 20-Jun 24 2022

905

1497

616

716

Jul 18-22 2022

894

1431

598

696

Aug 15-19 2022

878

1336

576

676

Sep 12-16 2022

861

1369

578

665

Oct 10-14 2022

759

1417

576

670

Todd Neeley can be reached at todd.neeley@dtn.com

Follow him on Twitter @DTNeeley

Todd Neeley

Todd Neeley
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