January began a reset across the nitrogen complex with anhydrous ammonia, urea and UAN fertilizer prices falling sharply to open 2023, due mostly to a lack of demand across all products as well as further reductions in European natural gas prices.
Once again, seven of the eight major fertilizers are less expensive compared to last month. Five of those seven were significantly lower than last month. DTN designates a substantial move as anything 5% or more.
Once again, seven of the eight major fertilizers prices are lower compared to last month. Five of the eight major fertilizers were significantly lower. DTN designates a substantial move as anything 5% or more.
DTN has tracked retail fertilizer prices for more than 14 years. Nutrients have had a wide price fluctuation from high to low during this time because of various market factors. So how high and low did they go?
Prices for all eight major fertilizers are essentially at the same level they were in the fall of 2021 right before the beginning of the run-up in prices, which lasted for a full year and a half.