Fertilizer Prices 2024 Vs 2024 Price. Most average retail fertilizer prices rose in the third week of february 2024, with prices for five of the eight major fertilizers higher than last month and prices for the. Fertilizer prices have continued to drift lower, as global supplies improved and tighter global farm margins reduce demand.
Taylor says the index shows fertilizer prices went from the least affordable since 2008 in 2022 to this year where prices are the most affordable since 2004. Given that fertilizer costs account for approximately 15% of total cash costs in the u.s., fertilizer prices are the number one issue on farmers’ minds as they begin.