February Fertilizer Market Update

This report has 2 parts. First, rural cash markets for nitrogen fertilizer are reviewed. Second, new biological fertilizer products and green ammonia processes are explained.

Part I. N Prices in 2023

Almost all commodity futures have fallen sharply since the peaks of last summer, keeping steady pressure on local values for everything from diesel to grains. Cash fertilizer prices at country retail locations have come down in the past month, in step with further declines in NOLA (U.S. Gulf port) pricing.

There are a number of r…