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DAP Fertilizer Tops $700 Per Ton for First Time in a Decade

Publisher:adminTime:2021-09-28Number:807

OMAHA (DTN) -- Potash prices rose significantly compared to last month, while the average retail price of DAP reached a 10-year high, according to prices tracked by DTN for the second week of September 2021.

Potash was 6% higher compared to last month. The fertilizer had an average price of $598/ton.

The remaining seven fertilizers were all just slightly higher. DTN designates a significant price increase as 5% or more.

Four fertilizers had price increases of 3% compared to last month. MAP had an average price of $776/ton, urea $572/ton, anhydrous $762/ton, and UAN28 $381/ton.

The price of UAN32 increased 2% to $428/ton.

DAP prices increased 1% to $702/ton. The average price of 10-34-0 was fractionally higher at $632/ton. DAP rose above $700/ton for the first time in nearly 10 years. The last time the phosphorus fertilizer's price was this high was the second week of Dec. 2011 when the average price was at $702/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.62/lb.N, anhydrous $0.46/lb.N, UAN28 $0.68/lb.N and UAN32 $0.67/lb.N.

There's more evidence fertilizer supply shortages could be coming. Last week, two major fertilizer manufacturers announced they were shutting down European facilities due to a relatively new issue facing fertilizer production -- high natural gas prices. (You can find more on rising natural gas prices here: https://www.wsj.com/…)

On Sept. 15, CF Industries announced a halt in operations at two manufacturing facilities in the United Kingdom. Plants in Billingham and Ince, UK, are stopping production.

"The company does not have an estimate for when production will resume at the facilities," according to a CF Industries press release.

Then on Sept. 17 Yara announced it will curtail production at a at number of its European plants because record high natural gas prices in Europe are affecting ammonia production margins, according to a Yara press release.

By this week, Yara will have shut down around 40% of its European ammonia production capacity.

"Yara will continue to monitor the situation, with the objective to keep supplying customers but curtailing production where necessary," according to a press release.

Retail fertilizer prices compared to a year ago show all fertilizers have increased significantly.

10-34-0 is now 39% more expensive, urea is 59% higher, DAP is 62% more expensive, UAN32 is 69% higher, MAP is 73% more expensive, both potash and UAN28 are now 74% higher and anhydrous is 77% more expensive compared to last year.

DTN surveys more than 300 retailers, gathering roughly 1,700 fertilizer price bids, to compile the DTN Fertilizer Index each week. In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

Fertilizer manufacturer CF Industries announced they restarted ammonia plants at the Donaldsonville (Louisiana) Complex after Hurricane Ida. You can read it here: https://www.dtnpf.com/….

DRY
Date RangeDAPMAPPOTASHUREA
Sep 14-18 2020434448344360
Oct 12-16 2020445475332359
Nov 9-13 2020454486333358
Dec 7-11 2020456510348361
Jan 4-8 2021482543369368
Feb 1-5 2021554601389429
Mar 1-5 2021609673416474
Mar 29-Apr 2 2021618697429502
Apr 26-30 2021629703433513
May 24-28 2021652709443523
Jun 21-25 2021670720469541
Jul 19-23 2021695750543553
Aug 16-20 2021695755564556
Sep 13-17 2021702776598572





Liquid
Date Range10-34-0ANHYDUAN28UAN32
Sep 14-18 2020455431219253
Oct 12-16 2020457424209249
Nov 9-13 2020455422208248
Dec 7-11 2020464429210252
Jan 4-8 2021464470209251
Feb 1-5 2021502507239272
Mar 1-5 2021560560254304
Mar 29-Apr 2 2021599685340377
Apr 26-30 2021613710350391
May 24-28 2021619719361407
Jun 21-25 2021625724366420
Jul 19-23 2021632736365419
Aug 16-20 2021631743369420
Sep 13-17 2021632762381428