In the lead up to the Russian invasion of Ukraine Urea fertilizer prices more than doubled from September to November of 2021. The invasion also effected muriate of potash. Potash prices previously stayed stable even thoughout the Covid-19 pandemic. For most of 2020 and 2021 the prices of diammonium phosphate was highest among the three types of fertilizer depicted here. In March of 2022, one metric ton of DAP cost 938.13 U.S. dollars.
Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type
(in U.S. dollars per metric ton)
Characteristic
Diammonium phosphate (DAP)
Urea
Muriate of potash (MOP)
Triple superphosphate (TSP)
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MOP stands for muriate of potash. This fertilizer is also known as Potassium chloride.
DAP stands for diammonium phosphate.
TSP stands for triple superphosphate
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World Bank. (January 4, 2023). Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type (in U.S. dollars per metric ton) [Graph]. In Statista. Retrieved June 18, 2024, from https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/
World Bank. "Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type (in U.S. dollars per metric ton)." Chart. January 4, 2023. Statista. Accessed June 18, 2024. https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/
World Bank. (2023). Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type (in U.S. dollars per metric ton). Statista. Statista Inc.. Accessed: June 18, 2024. https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/
World Bank. "Monthly Prices of Fertilizer Worldwide from January 2017 to December 2022, by Type (in U.S. Dollars per Metric Ton)." Statista, Statista Inc., 4 Jan 2023, https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/
World Bank, Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type (in U.S. dollars per metric ton) Statista, https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/ (last visited June 18, 2024)
Monthly prices of fertilizer worldwide from January 2017 to December 2022, by type (in U.S. dollars per metric ton) [Graph], World Bank, January 4, 2023. [Online]. Available: https://www.statista.com/statistics/1316044/global-monthly-fertilizer-prices-by-category-urea-potash-phosphate/