Fertilizer price today April 23, 2022: Urea fertilizer price continues to decrease slightly

fertilizer prices today, April 23, 2022: Urea fertilizer prices continued to decrease slightly as demand for summer-autumn rice was sluggish and purchasing power was slow. In the world market, the prices of 5 types of fertilizers increased, only urea decreased. According to DTN, the average price in the week ending April 15 of 5 out of 8 types of fertilizers increased compared to the previous week, 2 types remained the same and one type decreased. MAP led the list of increases with 1.5% to 1,071 USD/ton. DAP and 10-34-0 base fertilizers all increased by 1% to 1,047 USD/ton and 906 USD/ton, respectively. UAN28 and UAN32 increased by 1 USD/ton to 630 USD/ton and 730 USD/ton, respectively. Potassium and dry fertilizer remained the same at 875 USD/ton and 1,534 USD/ton, respectively. Urea alone decreased by 1% to 1,017 USD/ton. Compared to a month ago, DAP increased the most with 8%. Next were urea 7%, MAP 6%, and potassium 4%. Base fertilizers 10-34-0, UAN28, and UAN32 all increased by 3%, while dry fertilizer increased by 1%. Compared to a year ago, all fertilizers increased. Base fertilizer 10-34-0 increased by 49%, MAP 53%, DAP 68%, UAN28 83%, and UAN32 increased by 89%. Types that increased by 100% or more were urea (100%), potassium (103%), and dry fertilizer (119%). According to Fertilizer Pricing, the fertilizer price index in North America on the Green Markets channel in the week ending April 15 was 1,159 USD/ton, up nearly 1% compared to the previous week. Compared to the peak price in the week ending March 25, the price has decreased by 9%. The world market also witnessed a price increase of this commodity 14 years ago. In the week ending August 11, 2008, the price index was 916 USD/ton, setting a record at that time. The reason was high demand, low reserves and the US government, the world’s largest market, adjusting production levels. The market calmed down in the last months of 2008. Currently, compared to the peak in 2008, fertilizer prices are 39% higher. The war in Ukraine, which started on February 24, has had a big impact on the Fertilizer market, which was already hot before the war. Russia and Belarus account for about 40% of global potash exports, but both sources are being affected. Russia accounts for about 11% of world urea exports and 48% of ammonium nitrate. Russia and Ukraine export about 28% of the world’s nitrogen, phosphorus, and potassium fertilizers. #fertilizer_price #farmers #western #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_fertilizer #agricultural_materials

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