Fertilizer prices today April 8, 2022: Domestic fertilizer prices continue to stagnate at high levels

fertilizer prices today, April 8, 2022: Domestic fertilizer prices continue to stagnate at a high level. In the world market, the prices of 8 types of fertilizers increased simultaneously, 4 types set new records. According to DTN, the average price of 8 types of fertilizers in the week ending April 1 all increased compared to the previous week. Urea led the list with an increase of 46 USD compared to the previous week to 1,022 USD/ton, equivalent to an increase of 5%. Next are MAP, UAN28 with the same increase of 2.4% to 1,045 USD/ton and 637 USD/ton. DAP, potash, 10-34-0 base fertilizer and UAN32 increased by around 2%, to 1,033 USD/ton, 868 USD/ton, 896 USD/ton and 711 USD/ton, respectively. Dry fertilizer edged up $3/ton and traded at $1,526/ton. DAP, urea, dry fertilizer, and UAN32 were all at historic highs. Compared to the beginning of the year, DAP increased by 20%. The three types of urea, MAP, and 10-34-0 base fertilizer all increased by more than 12%. UAN28 increased by 9%. Both types of potassium and dry fertilizer were about 7% higher than the beginning of the year, while UAN32 increased by 4.8%. Compared to the same period last year, MAP and base fertilizer were all 50% higher, DAP was 67%, UAN28 was 88%, and UAN32 was 89%. Urea, potassium, and dry fertilizer increased by 102%, 104%, and 123%, respectively. According to Bloomberg, the North American fertilizer price index on the Green Markets channel in the week ending April 1 was $1,269.8/ton, down $0.6/ton. Compared to before the war in Ukraine broke out, the price of this item increased by more than 40%. The world Fertilizer market is being affected by the war in Ukraine. On March 2, the European Union (EU) passed new sanctions against Belarus because it believed that this country had a role in Russia’s special military campaign in Ukraine. The sanctions target “a number of economic sectors, in particular, including Belarus’s potash production”. DTN believes that sanctions on Belarusian fertilizers will affect the world market and cause a shortage of supply because Belarus produces about 7 million tons of potash per year and is in the top 3 countries producing the most of this item in the world. Besides, Russia is one of the world’s largest suppliers of fertilizers and related raw materials such as sulfur, so the war in Ukraine will affect the world market. #fertilizer_price #farmers #western_region #fertilizer_price #fertilizer #fertilizer #fertilizer #potassium_price #agriculture #fertilizer #agricultural materials

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