![](images/Logos/Progessive%20Farmer.png)
By Katie Dehlinger, Farm
Business Editor
Summer Slump in Retail
Fertilizer Prices Continues
Although retail fertilizer prices
continue to slip lower amid low demand, that's typical of summertime
and prices remain higher than last year. Global supply problems that
have contributed to sharply higher year-over-year prices have led one
major producer to announce more production cuts.
MT. JULIET, Tenn. (DTN)
-- Retail fertilizer prices continue to drift lower like they have
much of the summer, according to retailers tracked by DTN for the
fourth week of July 2022. But with anhydrous still costing more than
$1,400 per ton, the lower prices are unlikely to offer farmers much
peace of mind.
While prices for
seven of the eight major fertilizers are lower, none dropped by a
significant amount, which DTN considers a price change of 5% or more
in a month.
For phosphates, the
average price of DAP was $1,005 per ton, while MAP cost $1,041/ton.
Nitrogen fertilizers
prices declined by 1% to 3% compared to last month. Urea had an
average price of $836/ton; anhydrous, $1,431/ton; UAN28, $596/ton; and
UAN32, $693/ton.
The average price of
starter 10-34-0 fertilizer was $894/ton.
![](images/images_08_02_2022/GetStoredImage.gif)
The only fertilizer
with a slightly higher price was potash at $887/ton.
On a price per pound
of nitrogen basis, the average urea price was $0.91/lb.N, anhydrous
$0.87/lb.N, UAN28 $1.06/lb.N and UAN32 $1.08/lb.N.
Global supplies of
anhydrous continue to tighten as Europe reduced its reliance on
natural gas from Russia. Last week, BASF announced it would reduce
production of ammonia amid Moscow's decision to reduce natural gas
flows on the Nord Stream pipeline to 20% of capacity.
BASF CEO Martin
Brudermuller said skyrocketing natural gas prices pose a unique burden
because the company uses it to generate power for many of its plants
as well as a feedstock for products, Dow Jones Newswires reports.
"Ammonia is in a
difficult situation. Next year's availability of fertilizer might be
worse. Fertilizer prices are skyrocketing," Brudermuller said. You can
find more of Brudermuller's comments here:
.
Most fertilizers
continue to be considerably higher in prices than one year earlier.
MAP is 38% more
expensive, 10-34-0 is 42% higher, DAP is 45% more expensive, urea is
51% higher, potash is 62% more expensive, UAN28 is 63% higher, UAN32
is 66% more expensive and anhydrous is 94% higher 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.
Even though
fertilizer prices have stabilized or declined since Russia's invasion
of Ukraine, prices remain significantly elevated and may deter farmers
from pricing their fertilizer ahead of time. You can read more here:
.
DRY |
Date Range |
DAP |
MAP |
POTASH |
UREA |
Jul 26-30 2021 |
695 |
753 |
549 |
554 |
Aug 23-27 2021 |
697 |
756 |
569 |
557 |
Sep 20-24 2021 |
709 |
786 |
625 |
585 |
Oct 18-22 2021 |
810 |
863 |
716 |
735 |
Nov 15-19 2021 |
825 |
911 |
769 |
859 |
Dec 13-17 2021 |
858 |
935 |
796 |
901 |
Jan 10-14 2022 |
863 |
932 |
807 |
913 |
Feb 7-11 2022 |
876 |
935 |
815 |
905 |
Mar 7-11 2022 |
919 |
955 |
822 |
901 |
Apr 4-8 2022 |
1040 |
1056 |
875 |
1031 |
May 2-6 2022 |
1057 |
1081 |
881 |
1001 |
May 30-Jun 3 2022 |
1056 |
1079 |
880 |
979 |
Jun 27-Jul 1 2022 |
1039 |
1053 |
885 |
867 |
Jul 25-20 2022 |
1005 |
1041 |
887 |
836 |
|
|
|
|
|
LIQUID |
Date Range |
10-34-0 |
ANHYD |
UAN28 |
UAN32 |
Jul 26-30 2021 |
631 |
737 |
365 |
419 |
Aug 23-27 2021 |
632 |
748 |
370 |
420 |
Sep 20-24 2021 |
633 |
772 |
383 |
436 |
Oct 18-22 2021 |
659 |
940 |
451 |
492 |
Nov 15-19 2021 |
739 |
1220 |
571 |
651 |
Dec 13-17 2021 |
790 |
1420 |
579 |
663 |
Jan 10-14 2022 |
796 |
1430 |
584 |
679 |
Feb 7-11 2022 |
827 |
1487 |
600 |
699 |
Mar 7-11 2022 |
866 |
1490 |
603 |
704 |
Apr 4-8 2022 |
901 |
1534 |
629 |
729 |
May 2-6 2022 |
906 |
1534 |
631 |
730 |
May 30-Jun 3 2022 |
905 |
1529 |
633 |
731 |
Jun 27-Jul 1 2022 |
904 |
1466 |
611 |
702 |
Jul 25-20 2022 |
894 |
1431 |
596 |
693 |
Green Play Ammonia™, Yielder® NFuel Energy.
Spokane, Washington. 99212
www.exactrix.com
509 995 1879 cell, Pacific.
exactrix@exactrix.com
|