Fertilizer Prices Decline at the Start of 2023

The new year is starting with significantly lower fertilizer prices. For the second consecutive week, all eight major fertilizers are once again less expensive than last month. Four fertilizers were substantially lower than a month ago, with price decreases ranging from 6% to 8%.

Potash led the fall at 8% lower, with an average price of $765/ton. Anhydrous came in at 6% lower at $1,325/ton. Higher input prices are expected to remain throughout 2023, with some predictions calling for steeper climbs than in 2022. While fertilizer prices have softened, it is expected they’ll remain highly costly when compared to two years ago.

Read more on DTN fertilizer price tracking here.