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Retail Fertilizer Prices Dip For a Seventh Week in a Row

Posted July 21, 2022
in Top Ag News

Continuing a favorable seven-week trend, retail fertilizer prices have dropped again, according to a DTN report. Seven of eight major fertilizers saw a decrease in average price, with urea dropping 10% from June at $861/ton. Potash was the lone major fertilizer to increase, now averaging $885/ton.

A recent survey of 183 farmers revealed that 37% believe they will not be buying fertilizer soon, with 24% indicating they may purchase in the next couple of months. 17% of respondents said they would buy at the end of the year. If prices continue to drop in favor of purchasing, only time will tell if these responses change.

Read more on the latest fertilizer prices and trends.

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