DTN Retail Fertilizer Trends

OMAHA (DTN) -- Most retail fertilizer prices continued to be just slightly higher during the last week of April 2024, according to sellers surveyed by DTN. Prices for six of the eight major fertilizers were up slightly from a month ago, while prices for the remaining two fertilizers were slightly lower.

No fertilizer saw a significant price move, which DTN designates as anything 5% or more.

The six fertilizers that were slightly more expensive compared to last month were DAP with an average price of $781 per ton, MAP $830/ton, urea $585/ton, 10-34-0 $641/ton, UAN28 $364/ton and UAN32 $418/ton.

The two fertilizers that were just slightly lower in price were potash with an average price of $513/ton and anhydrous with an average price of $794/ton.

On a price per pound of nitrogen basis, the average urea price was $0.64/lb.N, anhydrous $0.48/lb.N, UAN28 $0.65/lb.N and UAN32 $0.65/lb.N.

Last week, DTN reported on the most recent update in the continuing Moroccan phosphate fertilizer trade battle (https://www.dtnpf.com/…. The U.S. Commerce Department announced plans to raise tariffs on phosphorus fertilizer imported from Morocco from 2.12% to 14.21%.

This decision comes after department officials last November agreed to conduct a review on countervailing duties against Moroccan phosphate products and lower the import duties from 19.975% to 2.12% (https://www.dtnpf.com/…).

This latest decision concerns the National Corn Growers Association (NCGA). Its leaders said last Friday they are again worried about the availability and price of inputs.

"The price of corn has dropped, and input costs are already high, so the Commerce Department's decision is the last thing farmers needed," said Harold Wolle, a Minnesota farmer and NCGA president. "If fertilizers continue to go up in price and are hard to secure, farmers will only have Mosaic and the Commerce Department to thank."

The Commerce Department's action comes after the domestic fertilizer company Mosaic requested action from the agency in 2023 over an import dispute with another multinational company, NCGA said.

Most fertilizers are lower compared to one year ago, but one fertilizer is slightly higher. MAP is 3% higher looking back a year.

The remaining fertilizers are lower. Urea is 2% less expensive, DAP is 5% lower, 10-34-0 13% less expensive, both anhydrous and UAN28 are 14% lower, and both potash and UAN32 are now 18% less expensive compared to a year prior.

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 recent bridge collapse in the Port of Baltimore will have limited effects on the U.S. UAN import market, according to Rabobank. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range	DAP	MAP	POTASH	UREA
May 1-5 2023	826	805	623	599
May 29-Jun 2 2023	824	832	620	622
June 26-30 2023	825	829	620	616
July 24-28 2023	795	791	594	581
Aug 21-25 2023	735	764	557	575
Sep 18-22 2023	702	757	501	566
Oct 16-20 2023	709	791	504	574
Nov 13-27 2023	717	811	511	574
Dec 11-15 2023	713	819	517	540
Jan 8-12 2024	726	807	510	526
Feb 5-9 2024	736	809	508	528
Mar 4-8 2024	760	816	505	564
Apr 1-5 2024	780	828	514	577
Apr 29-May 3 2024	781	830	513	585
LIQUID
Date Range	10-34-0	ANHYD	UAN28	UAN32
May 1-5 2023	739	926	424	507
May 29-Jun 2 2023	739	791	413	478
June 26-30 2023	731	753	396	468
July 24-28 2023	715	691	383	442
Aug 21-25 2023	698	622	355	399
Sep 18-22 2023	610	763	352	405
Oct 16-20 2023	612	809	356	418
Nov 13-27 2023	613	843	361	415
Dec 11-15 2023	595	851	339	409
Jan 8-12 2024	600	776	336	391
Feb 5-9 2024	610	773	335	390
Mar 4-8 2024	622	788	344	396
Apr 1-5 2024	633	794	362	405
Apr 29-May 3 2024	641	794	364	418

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

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