DTN Retail Fertilizer Trends
Most Retail Fertilizer Prices Resume Climb at Beginning of March
3/9/2022 | 8:31 AM CST
Russ Quinn
By , DTN Staff Reporter
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Urea was the only fertilizer with a slightly lower average retail price compared to the prior month. Urea had an average retail price of $887 per ton the first week of March, down $18 from $905 the first week of February. (DTN chart)
OMAHA (DTN) -- After a week in which half of the average retail fertilizer prices were lower, prices for most fertilizers moved higher the first week of March 2022 compared to a month earlier, according to sellers surveyed by DTN.
Seven of the eight major fertilizers were higher looking back a month, though none were up a significant amount. DTN designates a significant move as anything 5% or more.
DAP had an average price of $879 per ton, MAP $937/ton, potash $815/ton, 10-34-0 $837/ton, anhydrous $1,487/ton, UAN28 $603 (all-time high price) and UAN32 $703/ton (all-time high price).
One fertilizer was slightly lower in price compared to the prior month. Urea had an average price of $887/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.96/lb.N, anhydrous $0.91/lb.N, UAN28 $1.08/lb.N and UAN32 $1.10/lb.N.
Brazil is looking for a new fertilizer supplier as the war in Ukraine threatens to cut off shipments of nutrients to the South American agriculture giant, Dow Jones reported.
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Brazil imports about 85% of its fertilizer needs and about a fifth of those imports come from Russia. Russia's trade ministry has called for the suspension of fertilizer exports.
Even before the conflict, there were numerous issues with global fertilizer supply. Higher natural gas prices, a lower supply from China and weather issues curtailing U.S. production all came together in 2021 to reduce supply, thus raising world fertilizer prices.
The war in Ukraine has made this situation worse, according to industry analysts.
Dow Jones reported that Brazilian Agriculture Minister Tereza Cristina Dias said she is planning to travel to Canada this month to hopefully secure more fertilizer supplies. Dias said Brazil has enough stocks to last until October, although some don't agree with this statement.
The Brazilian National Fertilizer Association has warned local fertilizer stocks will only last another three months. Sanctions and travel restrictions have hampered shipments to Brazil, the group said.
"We are experiencing firsthand what it means to depend on imported fertilizer," Jefferson Souza, a Brazil-based fertilizer analyst at Agrinvest Commodities, told Dow Jones.
Sluggish productivity has kept the country from developing a larger domestic fertilizer industry, he said.
Most fertilizers continue to be considerably higher in price than one year earlier.
MAP is now 39% more expensive, DAP is 44% higher, 10-34-0 is 50% more expensive, urea is 87% higher, potash is 96% more expensive, UAN32 is 131% higher, UAN28 137% is more expensive and anhydrous is 166% higher compared to last year.
DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: .
The Mosaic Company said strong commodity prices will drive the fertilizer demand higher through at least 2022, Dow Jones reported. You can read it here: .
DRY
Date Range DAP MAP POTASH UREA
Mar 1-5 2021 609 673 416 474
Mar 29-Apr 2 2021 618 697 429 502
Apr 26-30 2021 629 703 433 513
May 24-28 2021 652 709 443 523
Jun 21-25 2021 670 720 469 541
Jul 19-23 2021 695 750 543 553
Aug 16-20 2021 695 755 564 556
Sep 13-17 2021 702 776 598 572
Oct 11-15 2021 798 860 710 719
Nov 8-12 2021 821 906 762 832
Dec 6-10 2021 840 919 778 887
Jan 3-7 2022 863 931 807 913
Jan 31-Feb 4 2022 877 933 813 905
Feb 28-Mar 4 2022 879 937 815 887
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Mar 1-5 2021 560 560 254 304
Mar 29-Apr 2 2021 599 685 340 377
Apr 26-30 2021 613 710 350 391
May 24-28 2021 619 719 361 407
Jun 21-25 2021 625 724 366 420
Jul 19-23 2021 632 736 365 419
Aug 16-20 2021 631 743 369 420
Sep 13-17 2021 632 762 381 428
Oct 11-15 2021 654 873 442 488
Nov 8-12 2021 719 1162 566 614
Dec 6-10 2021 756 1372 577 661
Jan 3-7 2022 795 1430 584 679
Jan 31-Feb 4 2022 826 1487 600 699
Feb 28-Mar 4 2022 837 1487 603 703
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