DTN Retail Fertilizer Trends

Potash, 10-34-0, UAN32 Lead Major Fertilizer Prices Lower

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The fertilizer 10-34-0 was one of three fertilizers with a sizable decline in price, down 7% from a month ago. The average price was $594/ton during the third week of September 2024, according to DTN data. (DTN chart)

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

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Russ Quinn