Fertilizer Prices Continue to Rise to New All-Time Highs

All eight major fertilizers rose to even higher prices this month compared to March. Phosphorus fertilizer was 8% more expensive than last month with an average price of $1,047/ton – an all-time high for DTN data tracking. MAP and urea were both 7% higher in April, coming in just over $1,000/ton – also an all-time high. Potash had an average price of $875/ton and anhydrous at $1,534/ton (an all-time high).

While farmers scramble to source fertilizer amidst record costs, those impacted by drought conditions may have a leg up. Unusually dry conditions could mean nitrogen carryover in the soil this spring, requiring less fertilizer application.

Read more on fertilizer costs and implementation here.