Fertilizer Report: Urea Prices Continue to Climb

Already-high fertilizer prices took an even bigger jump in October, according to DTN. The price of urea spiked by 26% with an average price of $719/ton, making this common fertilizer $147/ton more expensive than last month and the highest price seen in nearly a decade. Urea wasn’t the only fertilizer to make a larg jump this month, the top three fertilizers used by U.S. growers increased by more than $100/ton. Record-high prices are now being set for potash, UAN, anhydrous and nitrogen. Most farmers purchasing these fertilizers are now paying at least double what they would have last year and may report they are adjusting their fertilizer regimen to accommodate the added expense. Read more on fertilizer costs here.