Fertilizer Prices Continue Downward Trend in First Week of August 2024

LINCOLN, Neb. (DTN) — The average retail price of all eight fertilizers tracked by DTN continued to decline during the first week of August 2024, according to sellers surveyed by DTN, although none of the prices experienced a significant move, which DTN designates as 5% or more.

Anhydrous led the way down with a 4% drop compared to last month, falling from $705 per ton to $676. That was followed by UAN32 with a 3% decline from $389 per ton to $376. DAP recorded the third-biggest drop of 2% from $760 per ton to $744. The price of UAN28 saw a decline of about 2%, from $345 to $338.

The remaining four fertilizers were all down fractionally. Potash came in at $503 per ton, down from $506. MAP fell from $821 per ton to $819, urea declined from $506 to $504, while the price of 10-34-0 also fell slightly from $642 to $640.

On a price per pound of nitrogen basis, the average urea price was at $0.55/lb.N, anhydrous $0.41/lb.N, UAN28 $0.60/lb.N and UAN32 $0.59/lb.N.

Six of the eight fertilizers were lower compared to one year ago.

Both anhydrous and MAP are 6% more expensive compared to last year. The prices of the remaining six fertilizers were lower compared to last year at this time, including potash at 13%, urea at 12%, UAN28 at 11%, 10-34-0 at 10%, UAN32 at 9% and DAP at 3%.

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

Read last week’s column: https://www.dtnpf.com/agriculture/web/ag/crops/article/2024/07/31/anhydrous-leads-retail-fertilizer

Todd Neeley can be reached at todd.neeley@dtn.com

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