International Fertilizer Price Report: Sept 2023 Updates and Analysis

Black Sea Urea Price Report:

In the intricate tapestry of global market dynamics, the Black Sea Urea Price for September 2023 emerges as a captivating figure at US $380 per ton, subtly echoing a 1.46% descent from its August counterpart, which gracefully stood at US $385.63. What adds a layer of intrigue to this numerical dance is the compelling narrative of a 43.95% reduction compared to the same month last year, painting a vivid contrast from the lofty heights of US $678 per ton witnessed in the fertilizer market during September 2022. These fluctuations serve as a captivating testament to the ever-evolving economics that shape our agricultural landscapes.

US (Gulf) DAP Price Report:

In the dynamic landscape of fertilizers, the US DAP Spot Price at the Gulf for September 2023 registers at a competitive US $527.9 per ton, showcasing a subtle 0.16% decrease from the preceding month, where it stood at US $528.75 in August 2023. Notably, this figure marks a significant 29.8% decline compared to the same month last year, underscoring a substantial shift from the US $752 per ton recorded in September 2022.

Morocco Rock Phosphate Price Report:

The price of Morocco Rock Phosphate for September 2023 stands at a resilient US $347.5 per ton, holding steady in comparison to August at US $346.25. Impressively, it marks an 8.59% uptick from the same month last year, showcasing a robust increase from US $320 per ton in September 2022.

Henry Hub Natural Gas Spot Price Report:

In the energy landscape, the September 2023 Henry Hub Natural Gas Price stands at an enticing US $2.68 per MMBTu, showcasing a 4.69% uptick from the previous month’s figures in August 2023 at US $2.56 per MMBTu. Notably, this current price reflects a remarkable 65% decrease from the corresponding period last year in September 2022 when the rate soared to US $7.73 per MMBTu, illustrating a substantial shift in market dynamics.