DTN Retail Fertilizer Trends

Fertilizer Prices Evenly Mixed

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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Average anhydrous price at $1,434/ton is slightly more expensive than last month, but not significantly. (DTN chart)

OMAHA (DTN) -- Retail fertilizer prices were evenly mixed, according to locations tracked by DTN for the first full week of November 2022.

Four fertilizers were slightly lower compared to last month while the remaining four were slightly higher. No fertilizer was significantly higher or lower; DTN designates a significant move as anything 5% or more.

The four slightly lower were MAP, potash, urea and 10-34-0. MAP had an average price of $980/ton, potash $853/ton, urea $812/ton and 10-34-0 $758/ton.

The other four fertilizers were slightly more expensive looking back to last month. DAP had an average price of $931/ton, anhydrous $1,434/ton, UAN28 $582/ton and UAN32 $680/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.88/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

A study by the WTO and the UN Food and Agriculture Organization (FAO) calls for improved access to fertilizer across the world to avert a looming food crisis, according to a WTO press release. The study outlines policy recommendations for G20 governments, highlighting the importance of keeping the fertilizer market open to meet global demand.

Several factors have led to rising fertilizer prices globally. These include the war in Ukraine, high inflation, supply chain disruptions and the global economic downturn.

The study urges G20 governments to deploy all policy measures available to deal with the fertilizer crisis, underlining the need to make every effort to keep trade in fertilizers open so that supplies reach the countries in most need of them.

"The study recommends, in particular, that G20 governments keep food, feed and fertilizer markets open and minimize disruptions to trade in fertilizers, including from export restrictions inconsistent with WTO rules," a press release said.

"It stresses the need to ensure access to fertilizers for the most vulnerable countries, including through mobilizing international financial support and leveraging risk management tools, such as fertilizer contract swaps to hedge against extreme price volatility."

The study also recommends improving soil fertility and accelerating innovation for more efficient use of fertilizers, with greater use of precision farming practices.

Most fertilizers continue to be higher in price than one year earlier, although one is now slightly lower.

Urea is now 2% less expensive from one year ago. UAN28 is 3% more expensive, 10-34-0 is 5% higher, MAP is 8% more expensive, UAN32 is 11% higher, potash is 12% more expensive, DAP is 13% higher and anhydrous is 23% 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/….

The Fertilizer Institute (TFI) send a letter to Congressional leadership last week urging Congress to act to prevent a potential rail strike, which would have a negative effect on fertilizer. You can read it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
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
Nov 7-11 2022 931 980 853 812
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Nov 7-11 2022 758 1434 582 680

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

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Russ Quinn