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DTN Retail Fertilizer Trends
By Russ Quinn
Wednesday, July 9, 2025 1:10PM CDT

OMAHA (DTN) -- Retail fertilizer prices tracked by DTN for the first week of July 2025 show most nutrients are higher in price compared to last month. But for the second week in a row, multiple fertilizers were also lower as well.

No fertilizer was higher or lower considerable amount for the fourth week in a row. DTN designates a significant move as anything 5% or more.

Once again, five fertilizers had slightly higher prices. DAP had an average price of $810/ton, MAP $847/ton, potash $481/ton, 10-34-0 $672/ton and UAN32 $501/ton.

Three fertilizers were slightly lower looking back to the prior month. Urea had an average price of $656/ton, anhydrous $770/ton and UAN28 $418/ton.

On a price per pound of nitrogen basis, the average urea price was $0.71/lb.N, anhydrous $0.47/lb.N, UAN28 $0.75/lb.N and UAN32 $0.78/lb.N.

In a Rabobank report titled, "What a closure of the Strait of Hormuz could mean for global fertilizers," by Samuel Taylor, Rabobank senior analyst-farm inputs, wrote that the closing of the Strait of Hormuz would be negative for prices. Nearly 45% of all urea exports flow through this important waterway as does other varying amounts of nutrients.

While closing the Strait of Hormuz would raise fertilizer prices, the impact would vary throughout the different regions around the world at different levels at different times. The most exposed countries could be Brazil and India which import considerable amounts of nutrients, Taylor wrote.

He wrote that for urea, Brazil and India hold the largest deficits, with Brazil importing between 7.5 million to 8.5 million metric tons (mmt) per year and India importing between 7 mmt to 11 mmt/year, depending on the strength of government policy.

"Seasonality of demand would also be a significant factor in local price formation. Any immediate risk of volatility would likely also point to Brazil, as import demand picks up seasonally from June through November, which aligns with pricing seasonality at the wholesale level," Taylor wrote.

"Compounding this risk is the fact that Brazil is behind schedule on its urea imports (in 2025). When adjusted for seasonality, pricing in Brazil often peaks around October at the height of import demand for urea," according to the report. (See the full report at https://www.rabobank.com/…)

Seven fertilizers are now higher in price compared to one year earlier: MAP by 3%, 10-34-0 5%, DAP 7%, anhydrous 9%, UAN28 21%, UAN32 29% and urea by 30%.

The remaining fertilizer, potash, is 5% lower compared to last year.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.

In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

The global fertilizer market is still on edge despite the ceasefire between Iran and Israel, according to a report from the Illinois Fertilizer and Chemical Association. You can read about it here: https://www.dtnpf.com/….

Dry
Date Range DAP MAP POTASH UREA
Jul 1-5 2024 760 821 506 506
Jul 29-Aug 2 2024 744 819 503 504
Aug 26-30 2024 742 814 487 492
Sep 23-27 2024 738 812 457 485
Oct 21-25 2024 740 808 452 500
Nov 18-22 2024 740 811 443 498
Dec 16-20 2024 738 810 442 488
Jan 13-17 2025 739 809 443 492
Feb 10-14 2025 754 809 442 536
Mar 10-14 2025 765 810 447 548
Apr 7-11 2025 777 822 467 572
May 5-9 2025 787 825 473 621
June 2-6 2025 802 832 475 663
June 30-July 4 2025 810 847 481 656
Liquid
Date Range 10-34-0 ANHYD UAN28 UAN32
Jul 1-5 2024 642 705 345 389
Jul 29-Aug 2 2024 640 676 338 376
Aug 26-30 2024 639 676 328 364
Sep 23-27 2024 593 684 320 351
Oct 21-25 2024 604 705 316 363
Nov 18-22 2024 611 718 323 364
Dec 16-20 2024 613 721 320 363
Jan 13-17 2025 616 737 326 366
Feb 10-14 2025 638 747 342 393
Mar 10-14 2025 646 751 354 397
Apr 7-11 2025 655 780 373 439
May 5-9 2025 665 783 406 484
June 2-6 2025 669 776 419 495
June 30-July 4 2025 672 770 418 501

Russ Quinn can be reached at Russ.Quinn@dtn.com

Follow him on social platform X @RussQuinnDTN


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