The declining trend in fertilizer prices remains as spring planting season draws nearer. In the second full week of March, five major retail fertilizer prices continue to show significant cost reductions.
Anhydrous leads the charge with an average price of $1,059/ton, 13% lower compared to last month. UAN28 was 11% less expensive, with an average price of $428/ton. UAN32 was 9% lower at $521/ton, and Urea was 7% lower compared to last month, with an average cost of $638/ton. Potash was 5% lower at $655/ton.
All fertilizer prices are now double digits lower than one year ago, showing overall declines of as much as 33%. The trend remains steady, contrary to most other major markets, such as natural gas.
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