Retail fertilizer prices for the first full week of June 2021 are marginally higher. This marks the fourth straight week of slightly higher fertilizer prices.
As has been the case in recent weeks, no fertilizers were significantly higher, which DTN designates as 5% or more.
DAP prices increased 4% to $656/ton compared to the prior month.
Potash prices increased 3% to $450/ton.
MAP, urea and UAN32 had 2% increases on the week. MAP was $717/ton, urea $527/ton and UAN32 $414/ton.
The average retail price of anhydrous and UAN28 fertilizer climbed by 1% to $718/ton and $363/ton, respectively.
10-34-0 had an average price of $620/ton, unchanged from the previous month.
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 $0.65/lb.N.
Dow Jones reported last week Australian Potash Limited’s stock price appears to be well priced. Shaw and Partners, a brokage firm, is forecasting the company’s long-run potash price at $550/ton, but the firm said the company’s share prices reflects a price closer to $400/ton.
“We are positive sulfate of potash markets given arable land per capital is shrinking and SOP is a premium type of potassium-carrying fertilizer with no substitutes,” Shaw said.
With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.
Potash is now 24% more expensive, 10-34-0 is 33% higher, urea is 44% more expensive, UAN32 50% higher, anhydrous is 52% more expensive, UAN28 is 55% higher, DAP is 62% more expensive and MAP 67% 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.
|Jun 8-12 2020||406||430||363||367|
|Jul 6-10 2020||405||427||360||360|
|Aug 3-7 2020||416||430||357||354|
|Aug 31-Sep 4 2020||431||442||348||361|
|Sep 28-Oct 2 2020||439||459||338||362|
|Oct 26-30 2020||448||477||332||358|
|Nov 23-27 2020||456||495||337||359|
|Dec 21-25 2020||474||535||365||363|
|Jan 18-22 2021||493||563||379||387|
|Feb 15-19 2021||600||648||404||457|
|Mar 15-19 2021||616||693||424||496|
|Apr 12-16 2021||624||702||432||509|
|May 10-14 2021||631||702||437||515|
|Jun 7-11 2021||656||717||450||527|
|Jun 8-12 2020||468||472||235||276|
|Jul 6-10 2020||467||461||233||272|
|Aug 3-7 2020||465||455||222||262|
|Aug 31-Sep 4 2020||459||436||216||254|
|Sep 28-Oct 2 2020||457||424||212||250|
|Oct 26-30 2020||456||423||209||249|
|Nov 23-27 2020||457||424||210||249|
|Dec 21-25 2020||463||461||210||250|
|Jan 18-22 2021||481||482||215||251|
|Feb 15-19 2021||522||530||245||288|
|Mar 15-19 2021||596||671||331||373|
|Apr 12-16 2021||609||700||345||387|
|May 10-14 2021||620||713||361||406|
|Jun 7-11 2021||620||718||363||414|
Russ Quinn can be reached at email@example.com
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