Fertilizer prices have skyrocketed in the last few months and are up 25% to 30% compared to last fall. Bob Larson, Marketing Manager with Nutrien Ag Solutions, says increased demand for fertilizer started last fall and has continued to be strong pushing up prices.
He says there are several other factors pushing fertilizer values, including higher corn prices and increased planted acreage expectations this spring. Plus, nitrogen fertilizer production has also been compromised with the recent cold snap and increased price of natural gas.
Larson says prices for macronutrients like potash and phosphorus are also up. In fact, potash is 14% more expensive compared to last year. He says many plants are trying to restock their supplies which has been tough with the slower river traffic in the winter.
The price of UAN28 is up 30% over last year at an average price of $306 per ton, while UAN32 is 24% higher at $344 per ton. Both urea and anhydrous prices are 28% above a year ago, with anhydrous at $625 per ton last week. DAP is 51% higher and MAP is 60% more expensive compared to last year.
