DTN Retail Fertilizer Trends

UAN32 Leads All 8 Retail Fertilizer Prices Higher

Russ Quinn
By  Russ Quinn , DTN Staff Reporter
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The average retail price of UAN32 was $412 per ton during the third week of March 2025, up $18 per ton, or 5%, from $394 a month ago, according to data collected by DTN. UAN32 is now 2% more expensive than it was a year ago. (DTN chart)

OMAHA (DTN) -- Average retail prices for all eight of the major fertilizers continued to be higher during the third week of March 2025, according to sellers surveyed by DTN.

Only one fertilizer had a substantial price increase, which DTN designates as anything 5% or more. The average retail price of UAN32 was 5% higher compared to last month at $412 per ton.

Prices for the remaining seven fertilizers were up just slightly from February. DAP had an average price of $766 per ton, MAP $810/ton, potash $454/ton, urea $556/ton, 10-34-0 $649/ton, anhydrous $761/ton and UAN28 $356/ton.

On a price per pound of nitrogen basis, the average urea price was $0.60/lb.N, anhydrous $0.46/lb.N, UAN28 $0.64/lb.N and UAN32 $0.64/lb.N.

A global fertilizer affordability price index has dropped to its lowest level in two-and-a-half years, according to an Argus Media report (https://www.argusmedia.com/…). Nutrient affordability fell to 0.82 points in March, the lowest level since November 2022, Argus data shows.

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The affordability index is comprised of fertilizer and crop indexes. The index has dropped due to higher fertilizer prices for both phosphorus and potash fertilizers and lower crop (corn, wheat, rice, soybeans) prices due to global trade tensions.

"There is a risk that declining grain prices will weigh on demand for crop inputs," the report said.

Phosphate prices were supported by competing demand for limited supply. Potash prices have also been higher this year, also driven higher by a tighter supply, according to the report.

Two fertilizers are now higher in price compared to one year earlier. UAN32 is 2% higher, while 10-34-0 is 3% more expensive looking back to last year.

The remaining six fertilizers are lower. UAN28 is 1% less expensive, both DAP and MAP are 2% lower, urea is 3% lower, anhydrous is 4% less expensive and potash is 10% 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/….

President Donald Trump's tariff push risks increasing potash prices around the world, according to a Dow Jones article. You can read about it here: https://www.dtnpf.com/….

DRY
Date Range DAP MAP POTASH UREA
Mar 18-22 2024 778 823 506 574
Apr 15-19 2024 780 830 513 585
May 13-17 2024 789 829 511 556
Jun 10-14 2024 779 827 507 525
Jul 8-12 2024 758 822 504 507
Aug 5-9 2024 744 818 503 504
Sep 2-6 2024 739 813 486 490
Sep 30-Oct 4 2024 736 805 449 485
Oct 28-Nov 1 2024 739 810 446 497
Nov 25-29 2024 740 811 443 498
Dec 23-27 2024 739 810 444 489
Jan 20-24 2025 739 809 443 492
Feb 17-21 2025 762 809 444 543
Mar 17-21 2025 766 810 454 556
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 18-22 2024 628 793 358 402
Apr 15-19 2024 641 794 364 418
May 13-17 2024 642 792 364 418
Jun 10-14 2024 642 737 352 400
Jul 8-12 2024 642 696 339 378
Aug 5-9 2024 640 675 338 376
Sep 2-6 2024 638 676 327 364
Sep 30-Oct 4 2024 590 687 317 350
Oct 28-Nov 1 2024 604 706 317 363
Nov 25-29 2024 611 718 323 364
Dec 23-27 2024 614 729 326 365
Jan 20-24 2025 616 737 326 367
Feb 17-21 2025 638 747 348 394
Mar 17-21 2025 649 761 356 412

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

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Russ Quinn