DTN Retail Fertilizer Trends

Urea, Anhydrous Lead All Eight Retail Fertilizer Prices Lower at End of June

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
Connect with Russ:
Urea was down 6% from last month during the fourth week of June with an average price of $506 per ton. (DTN chart)

OMAHA (DTN) -- Average retail prices for all eight fertilizers were down from last month during the fourth week of June 2024, according to sellers surveyed by DTN.

Two fertilizers had substantial price drops from last month, which DTN designates as anything 5% or more. Anhydrous was 7% less expensive compared to last month with an average retail price of $705 per ton. Urea was down 6% from last month with an average price of $506 per ton.

Prices for the remaining six fertilizers were down just slightly from last month. DAP had an average price of $760 per ton, MAP $821/ton, potash $506/ton, 10-34-0 $642/ton, UAN28 $345/ton and UAN32 $389/ton.

On a price per pound of nitrogen basis, the average urea price was $0.55/lb.N, anhydrous $0.43/lb.N, UAN28 $0.62/lb.N and UAN32 $0.61/lb.N.

Egyptian nitrogen producer Abu Qir will resume urea production following the restoration of its natural gas supply, Argus Media reported. The country's nitrogen fertilizer manufacturers stopped production toward the end of last month without a steady supply of natural gas.

Abu Qir announced the gradual restart of its plants. The company's granular and prilled urea plants, which have the capacity of 650,000 metric tons (mt) per year and 580,000 mt per year, respectively, stopped production on June 24.

A natural supply crunch in Egypt in recent weeks has shuttered urea production. Production has been affected since May 20 as the country prioritized gas flow to power plants to meet cooling demand in the summer months.

Egyptian urea suppliers Kima, NCIC, Helwan and Mopco told Argus Media that there has been no change to the status of their production, with all output idled through last week.

All fertilizers are lower compared to one year ago. MAP is 1% lower, anhydrous is 6% less expensive, DAP is 8% lower, 10-34-0 is 12% less expensive, UAN28 are 13% less expensive, UAN32 is 17% lower, urea is 18% less expensive and potash are 19% less expensive compared to a year prior.

DTN gathers weekly fertilizer price bids from agriculture retailers 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 new product that coats dry fertilizer in a single application is touting an increase in productivity, according to a recent article. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
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
May 27-31 2024 781 828 508 537
Jun 24-28 2024 760 821 506 506
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
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
May 27-31 2024 642 758 356 406
Jun 24-28 2024 642 705 345 389

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

Follow him on social platform X @RussQuinnDTN

Russ Quinn