Wholesale fertilizer prices backed off for a fifth consecutive week on Friday. 

The Green Markets North American Fertilizer price index fell one percent to $722.86 per ton during the week ending Sept. 5. That was the lowest level in nearly two months as global fertilizer volatility declines. 

Urea prices led the decline this week on signs of global prices softening with India’s latest tender. Additionally, China raised its urea export quota, with some of those tons going to India. 

More tonnage coming online for the global market could offer some better pricing opportunities ahead of the spring pre-pay period. 

Meanwhile, phosphate prices remain sticky at high levels, especially in the retail markets. 

The latest U.S. Census data showed July phosphate imports remained substantially lower than usual. Tight U.S. inventories will keep upward pressure on phosphates. 

China has yet to relax DAP export restrictions. The country’s phosphate exports totaled 2.2 million metric tons through July, down about 30 percent from last year. 

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