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Apr. 3, 2023
By Russ Quinn, DTN OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the second full week of March 2023 continue to show lower levels. This trend has been in place for two and a half months. All eight of the major fertilizer prices are once again lower compared to last month. Five of the eight fertilizers had a substantial price decline. DTN designates a significant move as anything 5% or more. Leading the way lower was anhydrous. The nitrogen fertilizer was 13% lower compared to last month and had an average price of $1,059/ton. UAN28 was 11% less expensive looking back a month and had an average price of $428/ton. UAN32 was 9% lower compared to a month earlier and had an average price of $521/ton. Urea was 7% less expensive compared to the previous month with an average price of $638/ton. Potash was 5% lower compared to last month with an average price of $655/ton. The remaining three fertilizers were all just slightly lower compared to the prior month. DAP had an average price of $825/ton, MAP $821/ton and 10-34-0 $740/ton. On a price per pound of nitrogen basis, the average urea price was at $0.69/lb.N, anhydrous $0.65/lb.N, UAN28 $0.76/lb.N and UAN32 $0.81/lb.N. Natural gas, the main building block of many fertilizers, saw a wildly turbulent year in 2022 with prices and most expect the turbulence isn't going to calm down anytime soon, according to Dow Jones. To continue reading report, Click Here Tweet |
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