Retail fertilizer prices tracked by DTN for the last week of February 2023 continue to move lower. This trend has been in place for a couple months.
All eight of the major fertilizer prices are again lower compared to last month. Five of the eight fertilizers had a sizeable price decline. DTN designates a significant move as anything 5% or more.
Leading the way lower again was UAN28. The nitrogen fertilizer was 14% lower compared to last month and had an average price of $444/ton.
Anhydrous was 12% less expensive than a month prior and had an average price of $1,077/ton. UAN32 was 10% lower compared to last month and had an average price was $525/ton.
Urea was 7% less expensive compared to the previous month with an average price of $648/ton. Potash was 5% lower compared to last month with an average price of $666/ton.
The remaining three fertilizers were all just slightly lower compared to the prior month. DAP had an average price of $827/ton, MAP $827/ton and 10-34-0 $741/ton.
On a price per pound of nitrogen basis, the average urea price was at $0.70/lb.N, anhydrous $0.66/lb.N, UAN28 $0.79/lb.N and UAN32 $0.82/lb.N.
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