- Market Analysis
Plant Nutrient Price Dashboard
The Plant Nutrient Price Dashboard is a weekly report that lists prices for leading plant nutrient and raw materials products at key pricing points around the world. The dashboard includes average low, high and midpoint prices from several industry publications. The report also includes our homemade estimates of diammonium phosphate (DAP) and urea processing margins as well as a plant nutrient affordability metric. The Dashboard is updated and posted to the website each Friday afternoon.
The affordability metric is the ratio of a plant nutrient price index and a crop price index. The base year for these two indexes is 2005. The plant nutrient price index includes urea, DAP and muriate of potash (MOP) prices at key U.S. pricing points weighted by nitrogen, phosphate and potash shares of total U.S. plant nutrient use. The crop price index includes the daily closing price of the front month option for corn, soybeans and wheat weighted by the share of acres accounted for by each crop. A ratio less than one indicates that plant nutrient products are more affordable than during the base year, while a ratio greater than one means that plant nutrients are less affordable than during the base year. On April 17, 2015, the DAP price benchmark utilized in the affordability ratio was switched from fot Central Florida to fob NOLA due to the latter's greater breadth of price discovery. The entire time series reflects this change.