DTN Retail Fertilizer Trends

OMAHA (DTN) -- For the second week in a row, multiple retail fertilizer prices have substantial prices declines, according to prices tracked by DTN for the third week of September 2024.

Once again, seven of the eight major fertilizers were lower compared to last month. Three fertilizers had sizeable price declines. DTN designates a significant move as anything 5% or more.

Both potash and 10-34-0 led the way lower, down 7% looking back a month. Potash had an average price of $459/ton while 10-34-0 is at $594/ton.

Also lower was UAN32, which was 6% less expensive compared to last month. UAN32 had an average price of $351/ton.

Four other fertilizers were slightly lower compared to last month. DAP had an average price of $740/ton, MAP $814/ton, urea $485/ton and UAN28 $320/ton.

One fertilizer was slightly more expensive than a month ago. Anhydrous had an average price of $685/ton looking back a month.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.42/lb.N, UAN28 $0.57/lb.N and UAN32 $0.55/lb.N.

The Foundation for Food and Agriculture Research (FFAR) welcomes eight new members to the Efficient Fertilizer Consortium. In addition, these eight members will commit $8.45 million to the project.

The Efficient Fertilizer Consortium was first launched at the United Nations Climate Change Conference in 2022 as part of the Global Fertilizer Challenge, an effort to increase global attention to the importance of fertilizer use efficiency. The Global Fertilizer Challenge raised $135 million in new funding for fertilizer efficiency efforts in 2022.

The eight members are Agriculture and Agri-Food Canada, Azotic Technologies, Cotton Incorporated, ICL Group, the Novo Nordisk Foundation, OCP Group, Pivot Bio and the United Soybean Board. These members are investing money to applied and impactful research, according to a press release.

"The Efficient Fertilizer Consortium is a unique opportunity for multi-stakeholder collaboration that maximizes resources and de-risks applied research to improve our understanding of how these technologies perform in the field," said FFAR Scientific Project Manager Sarah Lyons. "We are excited to work alongside our fellow Consortium members and to grow the reach of the Consortium through additional partnerships."

All fertilizers but two are lower compared to one year ago. DAP is 5% higher while MAP is 8% higher looking back to last year.

The remaining six fertilizers are lower. 10-34-0 is 3% lower, both potash and UAN28 are 9% less expensive, anhydrous is 10% lower, UAN32 is 13% lower and urea is 14% lower 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/….

Rabobank recently released its semiannual fertilizer outlook report. You can read about it here: https://www.dtnpf.com/….

See a Reporter's Notebook video Russ Quinn did to talk more about fertilizer prices and trends at https://www.dtnpf.com/…

Dry
Date Range	DAP	MAP	POTASH	UREA
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
Jul 22-26 2024	745	818	502	504
Aug 19-23 2024	745	816	493	492
Sep 16-20 2024	740	814	459	485
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
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
Jul 22-26 2024	642	677	339	377
Aug 19-23 2024	639	668	330	373
Sep 16-20 2024	594	685	320	351

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

Follow him on social platform X @RussQuinnDTN

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