Five of Eight Fertilizer Prices Drop Slightly; Just 10-34-0 Price Increases

LINCOLN, Neb. (DTN) — Most retail fertilizer prices tracked by DTN cooled off a bit during the first week in February, as five of the eight fertilizers reported small price drops.

The price of 10-34-0 was the only fertilizer tracked by DTN to record a price increase compared to one week ago, rising by about 1% to $826 per ton. The fertilizer hit the $800-per-ton level for the first since March 2012 two weeks ago.

Coming off an all-time record-high price, anhydrous dropped from $1,492 to $1,487 per ton in this week’s update.

Four other fertilizers reporting small price drops were led by urea, falling from $910/ton last week to $905 for this update; MAP from $936/ton to $933; potash from $814/ton to $813; and UAN28 from $601/ton to $600. UAN32 was the only fertilizer tracked by DTN to remain unchanged at $699/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.98/lb.N, anhydrous $0.91/lb.N, UAN28 $1.07/lb.N and UAN32 $1.09/lb.N.

Read more from our partners at DTN/Progressive Farmer here: https://www.mydtn.com/agriculture/web/ag/news/article/2022/02/08/five-eight-fertilizer-prices-drop-10

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