DTN Retail Fertilizer Trends

OMAHA (DTN) -- Average retail fertilizer prices were mixed during the last week of December 2024 with most up slightly from the previous month, according to sellers surveyed by DTN.

Prices for five of the eight major fertilizers were slightly higher, while prices for the remaining three were lower. As has been the case in recent months, no fertilizer saw a significant price move in either direction, which DTN designates as anything 5% or more.

The five fertilizers that were slightly higher in price were potash, which had an average price of $444 per ton, 10-34-0 $613/ton, anhydrous $734/ton, UAN28 $324/ton and UAN32 $364/ton.

The three fertilizers that were slightly less expensive than a month ago were DAP with an average price of $739/ton, MAP $809/ton and urea at $489/ton.

On a price per pound of nitrogen basis, the average urea price was $0.53/lb.N, anhydrous $0.45/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.

Brazil Potash Corp., a company currently developing and constructing the largest potash fertilizer project in Brazil, announced on Monday the appointment of Christian Joerg to its board of directors, effective immediately, according to Dow Jones news service.

Joerg brings over three decades of leadership in agricultural commodities, international trade, agriculture finance and food security throughout Africa and the Middle East, according to the article.

Joerg is CEO of VA Intertrading Aktiengesellschaft, Austria's leading trading company. Most recently, he served as vice president, trade, at SALIC (Saudi Agricultural and Livestock Investment Company).

Two fertilizers are now higher in price compared to one year ago. Both DAP and 10-34-0 are 2% more expensive looking back to last year.

The remaining six fertilizers are lower. MAP is 1% lower, UAN28 is 3% less expensive, anhydrous is 7% lower, UAN32 is 8% less expensive, urea is 9% lower and potash 13% less 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.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Retail fertilizer prices continued to be mixed at the end of 2024. You can read about it here: https://www.dtnpf.com/….

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

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