OMAHA (DTN) -- For a second consecutive week, most fertilizers were more expensive compared to last month.

Six fertilizers were higher compared to a month earlier, while the remaining two nutrients were slightly lower. DTN designates a significant move as anything 5% or more.

One fertilizer did have a notable price increase. Anhydrous was 6% higher compared to last month and had an average price of $977/ton.

Five fertilizers' prices were slightly higher compared to a month ago. DAP had an average price of $926/ton, MAP $970/ton, potash $498/ton, urea $675/ton and UAN32 $479/ton.

The remaining two nutrients were just slightly less expensive looking back a month. 10-34-0 had an average price of $701/ton and UAN28 $423/ton.

On a price per pound of nitrogen basis, the average urea price was $0.73/lb.N, anhydrous $0.60/lb.N, UAN28 $0.76/lb.N and UAN32 $0.74/lb.N.

Canadian potash exporter Canpotex Ltd. is set to spend $500 million (Canadian) to upgrade its terminal at the port of Vancouver, according to an article in The (Saskatoon, Saskatchewan) Star Phoenix. Its investments will go towards modernizing infrastructure at Neptune Bulk Terminals in Vancouver, Canpotex's port where it ships most of its potash.

The company will upgrade marine and terminal infrastructure. It is replacing ship loaders, as well as conveyors and a dumper pit that assists in loading bulk cargo.

Construction is expected to be completed in 2028 and will not affect shipments, according to the company.

Saskatoon-based Canpotex is the joint marketing arm for Nutrien Ltd.'s and Mosaic Co.'s potash exports outside of Canada and the U.S.

All eight fertilizers are now higher in price compared to one year earlier.

UAN28 and UAN32 are 1% higher, potash is 2% more expensive, DAP is 3% higher, MAP and 10-34-0 are both 5% more expensive, urea is 9% higher and anhydrous is 25% higher looking back to last year.

DTN gathers fertilizer price bids from agriculture retailers each week to compile the DTN Fertilizer Index. DTN first began reporting data in November 2008.In addition to national averages, MyDTN subscribers can access the full DTN Fertilizer Index, which includes state averages, here: https://www.mydtn.com/….

The fertilizer industry struggled with excitement over a possible new potash fertilizer deal, according to StoneX's Josh Linville in his Media Update. You can read more about it here: https://www.dtnpf.com/….

Russ Quinn can be reached at Russ.Quinn@dtn.com

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