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Fertilizer: Gulf Urea and DAP Prices Continue Lower

Ernst Undesser
By Scott Stiles, University of Arkansas Ag Economist October 10, 2017

Fertilizer: Gulf Urea and DAP Prices Continue Lower

©Debra L Ferguson

In the week ending October 6, average Urea and DAP prices in the New Orleans region (NOLA) finished lower for the second consecutive week.

Urea

After a three-week run-up in September that pushed prices $48/ton higher, Gulf urea prices have turned lower over the past two weeks, giving back $20/ton. Last week, NOLA granular urea prices fell 3.8% week-over-week to an average $226 per ton; down from $235 the prior week.

Compared to a year ago, prices for granular urea in the New Orleans region are $36 per ton or 19% higher.

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Phosphate

DAP (diammonium phosphate) prices were lower again last week as well. Average prices at NOLA fell $9 per ton week-over-week to $323 from $332 per ton. Tampa and Central Florida region prices were both flat week-over-week at $345 and $355 per ton respectively.  Year-over-year, DAP prices in NOLA are up $10 per ton or 3% for the week ending October 6th.

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Source: : http://www.arkansas-crops.com/2017/10/09/urea-price-update/

Ernst Undesser
By Scott Stiles, University of Arkansas Ag Economist October 10, 2017