According to a recent survey by DTN, the average retail prices for fertilizers were lower in the fourth week of March 2023 compared to the previous month. Despite the significant decline in prices for several fertilizers in recent weeks, only one fertilizer, anhydrous, was substantially cheaper.
All eight of the major fertilizer prices experienced a decline compared to last month, with DTN designating a 5% or greater decline as a significant move.
Notably, anhydrous, a nitrogen fertilizer, had the largest decline at 5%, with an average price of $1,026 per ton.
The remaining seven fertilizers were all just slightly lower compared to last month. DAP had an average price of $818 per ton, MAP $810/ton, potash $644/ton, urea $626/ton, 10-34-0 $741/ton, UAN28 $428/ton and UAN32 $513/ton.
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