Increasing fertilizer demand and decreasing supply combine to increase retail prices in 2021

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Josh Linville, director of fertilizers at StoneX Financial, said the world is facing a huge number of issues that have affected the global supply and demand for nutrients in 2021.

“We just saw so many supply issues in 2021,” Linville told DTN. “If anything could go wrong, it was wrong in 2021.”

INCREASE IN FERTILIZER PRICES IN 2021

Due to various increases in demand and supply disruptions, retail fertilizer prices reached historically high levels in 2021. Nitrogen fertilizers such as anhydrous, urea, UAN28 and UAN32 have now reached all-time highs, according to DTN data.

The prices for the third week of December show an average anhydrous price at $ 1,424 / tonne, urea $ 910 / tonne, UAN28 $ 583 / tonne and UAN32 $ 679 / tonne – historic highs for all – in the data collected by DTN. Anhydrous is 208% higher than a year ago, urea is 151% more expensive, UAN28 is 178% higher and UAN32 is 171% more expensive.

While the other half of the top eight fertilizers are not at all-time highs, these fertilizers have also seen their price increase dramatically.

DAP has an average price of $ 862 / tonne, MAP is $ 932 / tonne, potash is $ 807 / tonne, and 10-34-0 is $ 791 / tonne. DAP is 82% higher than a year ago, while MAP is up 74%, potash is 121% higher and 10-34-0 is now 71% more expensive.

Looking ahead to 2022, fertilizer analysts believe these higher prices could be present for most of the new year. With the return of production to the market, fertilizer prices could decline in the second half of 2022.

DTN recently released a Global Fertilizer Outlook series.

For nitrogen outlook, click here:

https://www.dtnpf.com/…

For the phosphorus outlook, click here:

https://www.dtnpf.com/…

For Potash Outlook, click here:

https://www.dtnpf.com/…

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Editor’s Note:

You can find # 10 in DTN’s Top 10 list at https://www.dtnpf.com/….

You can find # 9 in DTN’s Top 10 list at https://www.dtnpf.com/…

You can find # 8 in DTN’s Top 10 list at https://www.dtnpf.com/…

You can find # 7 in DTN’s Top 10 list at https://www.dtnpf.com/…

You can find # 6 in DTN’s Top 10 list at

https://www.dtnpf.com/…

You can find # 5 in DTN’s Top 10 list at

https://www.dtnpf.com/…

You can find # 4 in DTN’s Top 10 list at

https://www.dtnpf.com/…

Russ Quinn can be contacted at russ.quinn@dtn.com

Follow him on Twitter @RussQuinnDTN

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