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DTN Retail Fertilizer Trends

OMAHA (DTN) -- Fertilizer prices are varied, according to retail fertilizer prices tracked by DTN for the second week of September 2022. Five of the eight major fertilizers are lower in price compared to a month ago while the remaining three are higher.

No fertilizers were appreciably lower or higher. DTN designates a significant move as anything 5% or more.

Five of the eight major fertilizers were just slightly lower. DAP had an average price of $952/ton, MAP $1,009/ton, potash $877/ton, 10-34-0 $861/ton, and UAN32 $665/ton.

Three fertilizers were slightly more expensive compared to last month. Urea had an average price of $808/ton, anhydrous $1,369/ton and UAN28 $578/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.83/lb.N, UAN28 $1.03/lb.N and UAN32 $1.04/lb.N.

U.S. farmers aren't the only ones feeling the impact of Russia's war on Ukraine in their fertilizer prices. Fertilizer prices have doubled or even tripled in Africa with some fertilizer products hard to find, according to Dow Jones. Farmers are turning to maggots, whose digestive system effectively turns food waste into organic fertilizer.

Most food produced in sub-Saharan Africa comes from smallholder farmers who utilize family labor. Some have warned for years about depending too much on synthetic fertilizer and see larvae farming as an exemplary effort toward sustainable organic farming.

Hundreds of farmers in Uganda near the capital of Kampala have embraced the farming of the short-lived but fertile insect. From just two participants in January 2021, the number now stands at more than 1,300 larvae farmers.

"I used to be afraid of maggots," said farmer Joseph Wagudoma. "When I would hear that someone is farming maggots, I would say, "How can someone rear maggots?"

The larvae farming program is a real solution to hunger, heavy dependence on imported fertilizer and climate change, according to Ruchi Tripathi of the London-based group VSO, which supports farming communities around the world.

"We can no longer continue producing by destroying our soils," Tripathi said. "How much can you exploit the soils and how long do you think it's going to continue?"

Despite lower prices in recent months, all fertilizers continue to be considerably higher in price than one year earlier.

MAP is 30% more expensive, both DAP and 10-34-0 are 36% higher, urea is 41% more expensive, potash is 47% higher, UAN28 is 52% more expensive, UAN32 is 55% higher and anhydrous is 80% more expensive 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.

US farmers might see some benefit in natural gas availability with prices in Europe surging in response to halted flows through the Nord Stream pipe, according to Dow Jones. You can read it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
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
Mar 28-Apr 1 2022 1033 1045 868 1022
Apr 25-29 2022 1049 1082 881 1004
May 23-27 2022 1056 1082 879 989
Jun 20-Jun 24 2022 1040 1058 885 902
Jul 18-22 2022 1007 1043 887 836
Aug 15-19 2022 978 1026 881 807
Sep 12-16 2022 952 1009 877 808
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
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
Mar 28-Apr 1 2022 896 1526 637 711
Apr 25-29 2022 906 1534 631 730
May 23-27 2022 906 1531 634 731
Jun 20-Jun 24 2022 905 1497 616 716
Jul 18-22 2022 894 1431 598 696
Aug 15-19 2022 878 1336 576 676
Sep 12-16 2022 861 1369 578 665

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

Follow him on Twitter @RussQuinnDTN