Fertilizer Prices Fall to Lowest Levels in 15 Months

Retail fertilizer prices continue to decline, falling to the lowest levels in 15 months. According to fertilizer sellers surveyed by DTN, seven of the eight major fertilizers are lower in price compared to last month and six of these fertilizers were significantly lower. Potash and anhydrous are down 9% compared to the previous month at $721 per ton and $1,238/ton, respectively. UAN28 and UAN32 were down 7% and urea was 6% less expensive.

Meanwhile, 10-34-0 had an average price of $755/ton, making it the only fertilizer that increased in price. Trending lower for months, fertilizer prices have continued to fall more significantly in recent weeks. The trend bodes well for inflation-impacted farmers, particularly those still in the market for their 2023 fertilizer needs.

Read more on fertilizer price trends here.