OMAHA (DTN) -- The streak is over.
The retail price of one of the eight major fertilizers tracked by DTN increased in the fourth week of September 2019, ending a six week run in which all of the fertilizers' prices declined.
The price of 10-34-0 increased to $471/ton, up $1 from the same time last month.
Prices for the remaining seven fertilizers were lower but not by a significant amount, which DTN considers at 5% or more. DAP had an average price of $479/ton, down $12; MAP $475/ton, down $19; potash $384/ton, down $3; urea $404/ton, down $8; anhydrous $511/ton, down $17; UAN28 $254/ton, down $2; and UAN32 $289/ton, down $1.
On a price per pound of nitrogen basis, the average urea price was at $0.44/lb.N, anhydrous $0.31/lb.N, UAN28 $0.45/lb.N and UAN32 $0.45/lb.N.
The fertilizer industry is a global market, and what happens on the world stage trickles down to all local markets. With this in mind, a German fertilizer company announced last week it was cutting fertilizer production in response to weak demand.
Germany fertilizer manufacturer K+S AG said it is reducing production of potassium chloride by up to 300,000 metric tons by the end of the calendar year, according to Dow Jones. The hit to earnings for the company is expected to be up to 80 million euros ($88.2 million).
The cutback comes as German economic indicators signal a possible downturn is imminent. The weakness in the German economy is spreading to services sector, which has been fairly strong over recent quarters even as manufacturing output has declined, according to a survey of purchasing managers.
With prices significantly lower in recent weeks, two fertilizers' prices dropped to being lower in price from a year ago. DAP is now 3% less expensive, and MAP is 9% lower from last year at this time.
The remaining six major fertilizers continue to be higher compared to last year. UAN32 and anhydrous are both 4% more expensive, both urea and UAN32 are now 5% higher, potash is 6% more expensive and UAN28 are 7% higher compared to last year.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
|Sep 24-28 2018||494||520||361||385|
|Oct 22-26 2018||499||518||366||406|
|Nov 19-23 2018||501||530||368||407|
|Dec 17-21 2018||508||532||377||407|
|Jan 14-18 2019||512||534||383||407|
|Feb 11-15 2019||512||537||385||405|
|Mar 11-15 2019||510||534||386||402|
|Apr 8-12 2019||505||532||387||404|
|May 6-10 2019||501||527||391||418|
|Jun 3-7 2019||497||527||392||434|
|Jul 1-5, 2019||498||532||392||432|
|Jul 29-Aug 2 2019||494||530||393||428|
|Aug 26-30 2019||491||494||387||412|
|Sep 23-27, 2019||479||475||384||404|
|Sep 24-28 2018||449||493||236||278|
|Oct 22-26 2018||457||499||243||284|
|Nov 19-23 2018||457||520||246||287|
|Dec 17-21 2018||457||565||265||304|
|Jan 14-18 2019||462||580||270||305|
|Feb 11-15 2019||470||596||271||318|
|Mar 11-15 2019||469||596||269||318|
|Apr 8-12 2019||481||592||271||317|
|May 6-10 2019||487||595||267||310|
|Jun 3-7 2019||487||591||271||314|
|Jul 1-5, 2019||482||584||276||317|
|Jul 29-Aug 2 2019||486||580||272||320|
|Aug 26-30 2019||470||528||256||290|
|Sep 23-27, 2019||471||511||254||289|
Russ Quinn can be reached at email@example.com
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