Review of Fertilizer Prices – March 2024

 

 

Product

Location

Quantity

Average price in 2023

Q1/24 Price

Q2/24 Estimate

Q3/24 Estimate

Q4/24 Estimate

2024 full year Estimate

Q1/25 Estimate

Q2/25 Estimate

Ammonia

Tampa (cfr)

Mt

527

472

475

500

500

487

550

550

UAN

New Orleans (cfr)

ston

268

259

280

250

250

260

280

280

Urea

Midwest (fob)

ston

435

420

400

375

375

392

415

415

DAP

Midwest (fob)

ston

629

690

675

575

550

662

550

550

Potash

Midwest (fob)

ston

424

380

375

375

350

370

360

370

 

Source: BMO Capital Markets - April 19, 2024