Prices for half of fertilizers lower at end of February

However, although prices for half of fertilizers were down, none were significantly lower. DAP had an average price of US$511 per t, MAP US$535 per t, urea US$404 per t and UAN28 US$270 per t.

The remaining fertilizers were slightly higher compared to the prior month. Potash had an average price of US$386 per t, 10-34-0 US$470 per t, anhydrous $596 per t and UAN32 $318 per t.

On a price per pound of nitrogen basis, the average urea price was at US$0.44 per lb.N, anhydrous US$0.36 per lb.N, UAN28 US$0.48 per lb.N and UAN32 US$0.50 per lb.N.

The fertilizer industry operates in a global market, and US-based fertilizer companies have moved, in recent years, to expand into other areas of the world. One such company is The Mosaic Company.