Potash, Urea, UAN28, UAN32 Prices Down Slightly Second Week of December

OMAHA (DTN) — Average retail prices for four of the eight major fertilizers tracked by DTN were lower and prices for the other four were slightly higher during the second week of December 2024, according to sellers surveyed by DTN.  

As has been the case in recent weeks, no fertilizer price saw a significant move, which DTN designates as anything 5% or more.

The four fertilizers that were slightly higher in price were DAP with an average price of $740 per ton, MAP $816/ton, 10-34-0 $611/ton and anhydrous $721/ton.

The four fertilizers slightly less expensive than a month ago were potash with an average price of $443/ton, urea $495/ton, UAN28 $323/ton and UAN32 $362/ton.

On a price per pound of nitrogen basis, the average urea price was $0.54/lb.N, anhydrous $0.44/lb.N, UAN28 $0.58/lb.N and UAN32 $0.57/lb.N.

Brazil Potash Corp. announced on Dec. 17 the appointment of Mayo Schmidt as executive chairman of its board of directors, according to Dow Jones news service. The appointment is effective Jan. 6, 2025.

Schmidt is the former chairman and CEO of Nutrien Ltd. Stan Bharti, who has served as executive chairman, will step down as a director of the company and will assume the role of chairman of the company’s advisory board.

This appointment follows Brazil Potash’s initial public offering and listing on the NSYE American. It also coincides with the company’s advancement toward construction of its Autazes potash project. 

Two fertilizers are now higher priced than they were one year ago. 10-34-0 is 3% higher, while DAP is 4% more expensive.

The remaining six fertilizers are lower. MAP is 1% lower, UAN28 is 5% less expensive, urea is 8% lower, UAN32 is 11% less expensive, potash is 14% lower and anhydrous 15% 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/agriculture/web/ag/markets/fuels-fertilizers#!/fertilizers.

Yara recently began production of renewable-based ammonia in Brazil, according to an article from World Fertilizer. You can read about it here: https://www.dtnpf.com/agriculture/web/Ag/crops/article/2024/12/11/fertilizer-prices-slightly.

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

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