DTN Retail Fertilizer Trends

OMAHA (DTN) -- Retail fertilizer sellers tracked by DTN for the second week of November 2022 continue to show prices floating around slightly higher and slightly lower.

Five fertilizers were marginally lower compared to last month while the remaining three were somewhat higher. No fertilizer was substantially higher or lower; DTN designates a significant move as anything 5% or more.

The five slightly lower were MAP, potash, urea, 10-34-0 and anhydrous. MAP had an average price of $978/ton, potash $848/ton, urea $812/ton, 10-34-0 $753/ton and anhydrous $1,415/ton.

The other three fertilizers were slightly more expensive looking back to last month. DAP had an average price of $930/ton, UAN28 $584/ton and UAN32 $681/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.86/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

In a recent press release, Yara International called on European Union governments to take action to assure the supply of nitrogen both for fertilizer and nonfertilizer uses. The fertilizer giant said AdBlue, which is produced in the same plants that manufacture fertilizer, is essential for a functioning transportation sector with more than 29 million vehicles in Europe requiring this product.

"Continuous and undisrupted supply of AdBlue is vital. Clean air to breath and a functioning transport sector are fundamental for society," said Jorge Noval, president of Yara International Solutions. "Fertilizer and food supplies, pharmaceutical and hospital supplies -- they all rely on AdBlue."

Yara said the E.U.'s package of solutions for the European fertilizer industry should include two main points.

First, the E.U. needs to secure continued access to natural gas for fertilizer plants. Natural gas is the raw material for fertilizer plants needed to keep production running.

Secondly, Yara wants the E.U. to reinforce Europe's strategic autonomy. European authorities should prioritize the supply of raw materials for European nitrogen production to avoid increased carbon emissions and prevent new dependencies, according to Yara.

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

Urea is now 5% less expensive from one year ago. Both UAN28 and 10-34-0 are 2% higher, UAN32 is 5% more expensive, MAP is 7% higher, potash is 10% more expensive, DAP is 13% higher and anhydrous is 16% 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/….

A recent study from the World Trade Organization (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. You can read it here: https://www.dtnpf.com/… .

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Sep 19-23 2022	950	1005	875	811
Oct 17-21 2022	930	986	863	826
Nov 14-18 2022	930	978	848	812
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Sep 19-23 2022	860	1376	578	670
Oct 17-21 2022	759	1419	576	678
Nov 14-18 2022	753	1415	584	681

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

Follow him on Twitter @RussQuinnDTN

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