Fertilizer Prices Mainly Lower

Nov 24, 2022

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By Russ Quinn


Retail fertilizer sellers tracked by DTN for the second week of November 2022 continue to show prices floating around slightly higher and slightly lower.

Five fertilizers were marginally lower compared to last month while the remaining three were somewhat higher. No fertilizer was substantially higher or lower; DTN designates a significant move as anything 5% or more.

The five slightly lower were MAP, potash, urea, 10-34-0 and anhydrous. MAP had an average price of $978/ton, potash $848/ton, urea $812/ton, 10-34-0 $753/ton and anhydrous $1,415/ton.

The other three fertilizers were slightly more expensive looking back to last month. DAP had an average price of $930/ton, UAN28 $584/ton and UAN32 $681/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.86/lb.N, UAN28 $1.04/lb.N and UAN32 $1.06/lb.N.

In a recent press release, Yara International called on European Union governments to take action to assure the supply of nitrogen both for fertilizer and nonfertilizer uses. The fertilizer giant said AdBlue, which is produced in the same plants that manufacture fertilizer, is essential for a functioning transportation sector with more than 29 million vehicles in Europe requiring this product.

"Continuous and undisrupted supply of AdBlue is vital. Clean air to breath and a functioning transport sector are fundamental for society," said Jorge Noval, president of Yara International Solutions. "Fertilizer and food supplies, pharmaceutical and hospital supplies -- they all rely on AdBlue."

Yara said the E.U.'s package of solutions for the European fertilizer industry should include two main points.

First, the E.U. needs to secure continued access to natural gas for fertilizer plants. Natural gas is the raw material for fertilizer plants needed to keep production running.

Secondly, Yara wants the E.U. to reinforce Europe's strategic autonomy. European authorities should prioritize the supply of raw materials for European nitrogen production to avoid increased carbon emissions and prevent new dependencies, according to Yara.

A recent study from the World Trade Organization (WTO) and the UN Food and Agriculture Organization (FAO) calls for improved access to fertilizer across the world to avert a looming food crisis, according to a WTO press release. You can read it here: https://www.dtnpf.com/… .

Nov 15-19 2021825911769859
Dec 13-17 2021858935796901
Jan 10-14 2022863932807913
Feb 7-11 2022876935815905
Mar 7-11 2022919955822901
Apr 4-8 2022104010568751031
May 2-6 2022105710818811001
May 30-Jun 3 202210561079880979
Jun 27-Jul 1 202210391053885867
Jul 25-20 202210051041887836
Aug 22-26 20229721026880804
Sep 19-23 20229501005875811
Oct 17-21 2022930986863826
Nov 14-18 2022930978848812
Date Range10-34-0ANHYDUAN28UAN32
Nov 15-19 20217391220571651
Dec 13-17 20217901420579663
Jan 10-14 20227961430584679
Feb 7-11 20228271487600699
Mar 7-11 20228661490603704
Apr 4-8 20229011534629729
May 2-6 20229061534631730
May 30-Jun 3 20229051529633731
Jun 27-Jul 1 20229041466611702
Jul 25-20 20228941431596693
Aug 22-26 20228691331575676
Sep 19-23 20228601376578670
Oct 17-21 20227591419576678
Nov 14-18 20227531415584681
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