International Fertilizer Price Report: Nov 2023 Updates and Analysis

November ’23 paints a diverse economic landscape: the Black Sea Urea Price stands firm at $385.5 per ton, revealing a 6.29% drop from October and a substantial 34.52% decline from the same month last year at $588.75 per ton. Meanwhile, the US DAP Spot Price in November reaches $535.63 per ton, showing a modest 0.16% increase from October but a significant 19.53% decrease compared to the same month last year at $665.63 per ton. Amidst this, Morocco Rock Phosphate takes the stage at an appealing $347.5 per ton, maintaining stability from October and proudly showcasing a 15.83% surge from the same month last year. In the realm of energy, November ’23 signifies a shift with Henry Hub Natural Gas Prices at $2.75 per MMBTu—a noteworthy 17.66% drop from October and an impressive 60.7% decrease from the same month last year, inviting a breath of fresh air into the energy landscape.

Black Sea Urea Price Report:

Navigating the economic terrain of November ’23, the Black Sea Urea Price holds its ground at a compelling US $385.5 per ton. This reflects a noteworthy 6.29% decrease from the preceding month’s valuation of US $411.38 per ton, and a substantial 34.52% decline when measured against the same month last year, where the price reached a higher point at US $588.75 per ton.

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US (Gulf) DAP Price Report:

November ’23 unfolds with the US DAP Spot Price reaching $535.63 per ton, showing a modest increase of 0.16% from October. However, it unveils a noteworthy 19.53% decrease in comparison to the same month last year, which witnessed the price standing at a higher $665.63 per ton.

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Morocco Rock Phosphate Price Report:

Unlocking the potential for growth, November ’23 showcases Morocco Rock Phosphate at an attractive US $347.5 per ton—maintaining stability from October and proudly presenting a remarkable 15.83% surge from the same month last year.

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Henry Hub Natural Gas Spot Price Report:

Step into the future of energy! November ’23 breathes a sigh of relief with Henry Hub Natural Gas Prices standing at a mere US $2.75 per MMBTu—an impressive 17.66% dip from October and a groundbreaking 60.7% plunge from the same month last year.

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