Average retail prices for all eight of the major fertilizers are lower compared to one month earlier. Three fertilizers MAP, potash and urea were significantly lower than a month ago. DTN designates a substantial move as anything 5% or more.
Most retail fertilizer prices continued to move lower in the third week of December 2022, with prices for seven of the eight major fertilizers down from last month. Potash was 5% less expensive compared to last month with an average price of $807 per ton. DTN designates a significant move as anything 5% or more.
Much like the phosphorous outlook, the potash outlook in 2023 is mixed. Issues remain with some supply concerns from the Ukraine and Russia at war and perhaps some logistic concerns in the U.S. Demand destruction limited applications in 2022 and, with less demand, this situation could push potash prices lower in 2023.
Fertilizer prices for the second week of December 2022 continue to trend lower, with seven of the eight major fertilizers down compared to last month. No fertilizer was appreciably higher or lower than the previous month. DTN designates a significant move as anything 5% or more.
Fertilizer prices for the first week of December 2022 continue mostly lower, with six fertilizers down and the remaining two higher compared to last month. No fertilizer was noticeably higher or lower than the previous month. DTN designates a significant move as anything 5% or more.