Fertilizers Trend Lower, UAN28 Drops to Lowest Price since 2021

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.

Read more on fertilizer prices and production here.