DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail prices for three fertilizers again led prices for seven of the major fertilizers higher for the third week of May, according to sellers surveyed by DTN.

Average retail prices for seven of the eight major fertilizers were higher compared to last month. Prices for three of those were significantly higher, which DTN designates as anything 5% or more.

Leading the way higher again for prices was urea. The nitrogen fertilizer was up 13% from last month with an average price of $652 per ton.

Both UAN28 and UAN32 were more expensive compared to last month, with UAN28 by 9%, while UAN32 was by 10%. UAN28 had an average price of $414/ton while UAN32 is $494/ton.

Four fertilizers had slightly higher prices. DAP had an average price of $798/ton, MAP $827/ton, potash $470/ton and 10-34-0 $666/ton.

One fertilizer was slightly lower compared to the prior month. Anhydrous had an average price of $779/ton.

On a price per pound of nitrogen basis, the average urea price was $0.71/lb.N, anhydrous $0.48/lb.N, UAN28 $0.74/lb.N and UAN32 $0.77/lb.N.

In Josh Linville's StoneX Fertilizer Media Update from May 20, the fertilizer analyst mentioned the Chinese urea export program is taking shape for 2025. Normally China exports 5 to 5.5 million tons per year and in 2024 this number was only 262,000 tons.

"We are hearing 2 million tons in 2025," Linville wrote.

This would be less than what is normally see in the export program, but this would be significantly improved from last year. We still need to see how it shakes out and, more importantly, how the market views it, he wrote.

Also, UAN solutions remain extremely tight supplied. The good news is June is looking better with more supply, but we have to get there first, Linville wrote.

Five fertilizers are now higher in price compared to one year earlier: DAP by 2%, 10-34-0 by 4%, UAN28 by 15% and urea and UAN32 by 18%.

The remaining three fertilizers are lower. MAP and anhydrous are both 1% less expensive while potash is 8% 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/….

Researchers are exploring innovative fertilizer technologies, according to an article from Fertilizer Daily. You can read about it here: https://www.dtnpf.com/….

Dry
Date Range	DAP	MAP	POTASH	UREA
May 20-24 2024	783	829	509	555
Jun 17-21 2024	778	827	507	510
Jul 15-19 2024	756	821	503	506
Aug 12-16 2024	745	817	501	500
Sep 9-13 2024	735	808	464	489
Oct 7-11 2024	735	805	448	485
Nov 4-8 2024	739	810	444	496
Dec 2-6 2024	739	816	443	496
Dec 30-Jan 3 2025	739	809	444	489
Jan 27-31 2025	743	808	436	514
Feb 24-28 2025	764	810	446	546
Mar 24-28 2025	768	819	462	565
Apr 21-25 2025	784	821	468	579
May 19-23 2025	798	827	470	652
Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
May 20-24 2024	642	781	359	418
Jun 17-21 2024	642	705	350	389
Jul 15-19 2024	642	696	339	377
Aug 12-16 2024	640	678	337	376
Sep 9-13 2024	596	684	329	351
Oct 7-11 2024	590	688	316	350
Nov 4-8 2024	607	711	322	364
Dec 2-6 2024	611	719	324	363
Dec 30-Jan 3 2025	613	734	324	364
Jan 27-31 2025	631	738	325	383
Feb 24-28 2025	642	751	350	397
Mar 24-28 2025	650	770	360	423
Apr 21-25 2025	656	781	381	449
May 19-23 2025	666	779	414	494

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

Follow him on social platform X @RussQuinnDTN

(c) Copyright 2025 DTN, LLC. All rights reserved.