Review of Fertilizer Prices – August 2023
Overview
Issue driving nitrogen
Issue driving Potash
Issue driving Phosphate
Product
Location
Quantity
Average price in 2022
Q2/23 Price
Q3/23 Estimate
Q4/23 Estimate
2023 full year Estimate
Q1/24 Estimate
Q2/24 Estimate
2024 full year Estimate
Ammonia
Tampa (cfr)
Mt
1167
385
303
377
463
475
525
UAN
New Orleans (cfr)
ston
544
248
40
275
273
300
Urea
Midwest (fob)
666
465
425
435
400
DAP
827
677
550
506
500
450
444
Potash
726
451
390
375
419
350
344
Source: BMO Capital Markets - September 1, 2023
[1] Jackson 5, BMO Capital markets – September 1, 2023
[2] Jackson 5, BMO Capital Markets – August 18, 2023
[3] https://www.dtnpf.com/agriculture/ag/crops/article/2023/08/30/major-retail-fertilizer-prices-lower
[4] https://www.dtnpf.com/agriculture/ag/crops/article/2023/08/23/uan32-anhydrous-lead-retail-prices
[5] Jackson 5, BMO Capital Markets – September 1, 2023
[6] https://www.dtnpf.com/agriculture/ag/crops/article/2023/08/30/major-retail-fertilizer-prices-lower
[7] Jackson 5, BMO Capital Markets – September 18, 2023