Average Price Quotations For Major Nitrogen Compounds At End Of Period

This table presents average price quotations for key nitrogen-based fertilizer compounds at the end of selected periods in 2022 and 2023, expressed in dollars per short ton. These compounds, including ammonium nitrate, ammonium sulfate, anhydrous ammonia, diammonium phosphate, and urea, are critical inputs in agricultural production, influencing crop yields and food supply chains. Tracking their price trends is essential for understanding the economic pressures faced by farmers and the broader agricultural sector, as well as for anticipating shifts in fertilizer demand, production costs, and trade dynamics.

The data reveals a general downward trend in prices from 2022 to 2023 across most nitrogen compounds and regions. For instance, ammonium nitrate prices in the Corn Belt fell sharply from $700 per short ton in June 2022 to $345 in December 2023, representing a decline of more than 50%. Similarly, ammonium sulfate prices dropped from $625 to $315 over the same period. Anhydrous ammonia exhibited a more mixed pattern; while prices in the Corn Belt decreased from $1,275 in June 2022 to $353 in June 2023, they rebounded to $625 by December 2023. Gulf Coast anhydrous ammonia prices followed a similar trajectory, falling from $907 in June 2022 to $259 in June 2023 before rising to $478 in December 2023. Diammonium phosphate prices in central Florida decreased from $840 in June 2022 to $470 in June 2023 but then increased to $575 by year-end. Urea prices also declined, with Corn Belt prilled and granular urea dropping from $548 in June 2022 to $368 in December 2023, and Gulf Coast granular urea holding steady at $300 in both June and December 2023. These fluctuations reflect changing market conditions, including shifts in supply, demand, and input costs, highlighting the volatility that stakeholders in the fertilizer and agricultural industries must navigate.