DTN Fertilizer Trends: Potash Supply Issues Clash with Demand

Dry fertilizer spreader - potash. ©Debra L Ferguson Stock Photography

Potash continues to lead fertilizer prices higher the fourth week of June 2021, according to retailers surveyed by DTN.

The average price of potash was up 7% compared to last month and had an average price of $476 per ton. Analysts believe potash fertilizer faces supply issues along with increasing global demand. For more, please read “Potash Prices Show Strength Amid Supply Issues” here.

As has been the case for the last two weeks, the remaining seven fertilizers were just slightly higher. None were up a significant amount, which DTN designates as 5% or more.

DAP had an average price of $677/ton, up 4%.

Urea was 3% higher at $542/ton.

The average retail price of anhydrous, at $730/ton, and UAN32, at $421/ton, were 2% greater than last month.

The remaining fertilizers’ prices were 1% higher with MAP costing an average of $721/ton, 10-34-0 $625/ton and UAN28 $366/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.59/lb.N, anhydrous $0.45/lb.N, UAN28 $0.65/lb.N and UAN32 $0.66/lb.N.

Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly.

Potash is now 32% more expensive, 10-34-0 is 34% higher, urea is 52% more expensive, UAN32 55% higher, UAN28 is 57% more expensive, anhydrous is 58% higher, DAP is 67% more expensive and MAP 69% is higher compared to last year.

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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.

DRY
Date Range DAP MAP POTASH UREA
Jun 29-Jul 3 2020 406 427 361 357
Jul 27-31 2020 410 429 358 355
Aug 24-28 2020 430 435 352 355
Sep 21-25 2020 434 453 338 361
Oct 19-23 2020 446 476 332 359
Nov 16-20 2020 455 488 336 358
Dec 14-18 2020 466 522 360 361
Jan 11-15 2021 486 551 373 373
Feb 8-12 2021 588 642 398 453
Mar 8-12 2021 615 690 423 483
Apr 5-9 2021 618 699 431 504
May 3-7 2021 634 705 436 514
May 31-Jun 4 2021 652 712 443 524
Jun 28-Jul 2 677 721 476 542
LIQUID
Date Range 10-34-0 ANHYD UAN28 UAN32
Jun 29-Jul 3 2020 468 461 233 272
Jul 27-31 2020 465 454 223 262
Aug 24-28 2020 464 442 219 258
Sep 21-25 2020 457 425 215 253
Oct 19-23 2020 456 424 209 249
Nov 16-20 2020 455 422 207 249
Dec 14-18 2020 463 450 210 253
Jan 11-15 2021 469 474 210 247
Feb 8-12 2021 512 524 243 285
Mar 8-12 2021 581 625 306 344
Apr 5-9 2021 605 692 341 378
May 3-7 2021 618 712 358 398
May 31-Jun 4 2021 619 719 363 412
Jun 28-Jul 2 625 730 366 421

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

Follow him on Twitter @RussQuinnDTN

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