Lower Urea Prices Spur Hopes For Cheaper Fertilizer

Prices dropping in the Black Sea.

With world markets in relative disarray, there are signs fertilizer prices could be softening after their run to record levels during the summer.

Urea has seen the biggest price break so far, with Black Sea prices off more than $70 a ton in the last two weeks. Black Sea urea is quoted at around $650. Prices at the Gulf were still reported above $700 last week, but there was a report of a sale at $625 this week. December forward prices out of the Black Sea are indicated about $50 lower.

Ammonia prices dropped about $10 a ton out of the Black Sea last week, but held steady in Tampa at around $845 a ton.

To read Bryce Knorr's complete weekly fertilizer review including charts, click HERE.

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