The downward trend in most major fertilizer prices continued this week. Six of the eight were lower in price compared to June. The fertilizer making headlines is UAN28, which dropped $400 per ton for the first time since September 2021. Anhydrous was 5% less expensive than last month at $753 per ton. The only fertilizers that didn’t fall in price were DAP, up $1 at $825 per ton and Potash at $620, unchanged.
Help driving lower prices is the potential for wider domestic availability. A new fertilizer manufacturing facility is under construction near Ontario, Canada and will manufacture multi-nutrient compound fertilizers previously imported from Europe. The capacity is slated to be 25 metric tons per hour.
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