Monthly fertilizer prices: Comparing 2014 through 2009
click image to zoom Even given these increases, all monthly DAP prices in 2014 were below 2011, 2012, and 2013 prices (see Figure 2). DAP prices in 2010 were below 2014 prices. Similar to anhydrous ammonia, DAP prices started high in 2009 and then declined. In 2009, DAP prices exceeded 2014 prices through March. In April, the 2009 price was $531 per ton compared to a $580 price in 2014.
From September through April, the 2014 monthly DAP prices averaged $529 per ton. Average prices for the comparable monthly time period were $833 per ton in 2009, $433 in 2010, $654 in 2011, $687 in 2012, and $615 in 2013.
Potash prices decreased from September 2013 through February 2014 (see Figure 3). In September, potash price was $488 per ton. In February, price was $442 per ton. From February to March, potash price increased by $2 per ton to $444 per ton. The April 3rd price was $453 per ton.
Only one monthly price from 2009 through 2013 was below 2014 monthly prices: September 2011. From September through April, the 2013 monthly potash price averaged $583 per ton. Average prices for comparable monthly time period were $876 per ton in 2009, $527 in 2010, $550 in 2011, $638 in 2012, and $583 in 2013.
Fertilizer prices for the 2014 crop year have generally been lower than prices for the 2011, 2012, and 2013 crop years. This should result in significant reductions in per acre fertilizer costs. Prices so far for 2014 would imply per acre fertilizer costs for corn around $150 per acre. This $150 per acre cost compares to average costs of around $200 per acre in 2012 and 2013.
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