Fertilizer prices are varied, according to retail fertilizer prices tracked by DTN for the second week of September 2022. Five of the eight major fertilizers are lower in price compared to a month ago while the remaining three are higher.
No fertilizers were appreciably lower or higher. DTN designates a significant move as anything 5% or more.
Five of the eight major fertilizers were just slightly lower. DAP had an average price of $952/ton, MAP $1,009/ton, potash $877/ton, 10-34-0 $861/ton, and UAN32 $665/ton.
Three fertilizers were slightly more expensive compared to last month. Urea had an average price of $808/ton, anhydrous $1,369/ton and UAN28 $578/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.88/lb.N, anhydrous $0.83/lb.N, UAN28 $1.03/lb.N and UAN32 $1.04/lb.N.
U.S. farmers aren’t the only ones feeling the impact of Russia’s war on Ukraine in their fertilizer prices. Fertilizer prices have doubled or even tripled in Africa with some fertilizer products hard to find, according to Dow Jones. Farmers are turning to maggots, whose digestive system effectively turns food waste into organic fertilizer.