Retail fertilizer prices continue to inch higher with the overall pace of gains slowing from its spring surge, according to locations tracked by DTN for the third week of May 2021.
None of the eight fertilizers’ prices were significantly higher from last month, which DTN designates as 5% or more. The largest price increase, 4%, was seen in UAN28 and UAN32.
DAP had an average price of $642/ton, up $15; MAP $708/ton, up $5; potash $440/ton, up $8; and urea $521/ton, up $11. 10-34-0 had an average price of $620/ton, up $8; anhydrous $716/ton, up $9; UAN28 $361/ton, up $13; and UAN32 $407/ton, up $16.
On a price per pound of nitrogen basis, the average urea price was at $0.57/lb.N, anhydrous $0.44/lb.N, UAN28 $0.65/lb.N and UAN32 $0.64/lb.N.
Australia-based chemical and fertilizer company Incitec Pivot Ltd. reported delays at its Waggaman ammonia plant in Louisiana will likely cost the company up to $33 million Australian dollars, the equivalent of $26 million in the U.S., according to Dow Jones.
The plant has suffered a series of breakdowns, including the failure of vibration probe and a coupling failure on the refrigeration compressor.
The repairs and restart of the plant could take two to three more weeks; the company estimates an additional financial hit to fiscal-year 2021 net profit of between $26 million and $33 million (Australian dollars).
With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.
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Potash is now 20% more expensive, 10-34-0 is 32% higher, urea is 35% more expensive, UAN32 45% higher, anhydrous is 46% more expensive, UAN28 is 53% higher, DAP is 57% more expensive and MAP 63% is higher compared to last year.
DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.
DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.
Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.
|May 18-22 2020||409||434||367||387|
|Jun 15-19 2020||405||429||363||360|
|Jul 13-17 2020||406||428||361||359|
|Aug 10-14 2020||426||434||353||355|
|Sep 7-Sep 11, 2020||434||445||345||360|
|Oct 5-9 2020||441||466||335||361|
|Nov 2-6 2020||447||479||331||358|
|Nov 30-Dec 4 2020||455||499||340||359|
|Dec 28-Jan 1 2021||475||537||366||367|
|Jan 25-29 2021||500||580||379||405|
|Feb 22-26 2021||605||661||408||464|
|Mar 22-26 2021||616||696||428||499|
|Apr 19-23 2021||627||703||432||510|
|May 17-21 2021||642||708||440||521|
|May 18-22 2020||469||490||237||280|
|Jun 15-19 2020||468||464||233||273|
|Jul 13-17 2020||468||460||225||263|
|Aug 10-14 2020||465||447||221||259|
|Sep 7-Sep 11, 2020||459||434||216||253|
|Oct 5-9 2020||457||424||209||250|
|Nov 2-6 2020||455||423||208||248|
|Nov 30-Dec 4 2020||459||427||208||249|
|Dec 28-Jan 1 2021||464||470||209||250|
|Jan 25-29 2021||489||489||220||258|
|Feb 22-26 2021||532||544||250||296|
|Mar 22-26 2021||599||684||335||376|
|Apr 19-23 2021||612||707||348||391|
|May 17-21 2021||620||716||361||407|
Russ Quinn can be reached at email@example.com
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