Fertilizer price trends continue to shift lower this month, however, for the first time in several months, multiple fertilizers were slightly higher. But most notably, one major fertilizer reached a price milestone not seen in a year and a half. Anhydrous has dropped below the $1,000 mark since October 2021. Clocking in at $995 for the third week of April, anhydrous has officially broken the 77-week four-digit price trend. The highest anhydrous ever climbed was $1,534 per ton in April last year.
Fertilizers climbing in price for the first time in a while include DAP and MAP at $826/ton and $812/ton, respectively. All fertilizers are now double digits lower than one year ago, this time, with the sharpest price decline seen in urea at 38%.
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