Plant Nutrient Price Dashboard

Week Ending January 25, 2019

Publication Date: Jan 24, 2019 Average vs. Weekly

1
Market Average Low High Average Prev Wk Prev Yr Change UoM

Phosphate
DAP Tampa 417 420 418 417 395 $/MT
NOLA 372 376 374 380 359 $/ST
CFL 415 415 415 415 375 $/ST
Morocco 430 445 437 437 401 $/MT
Saudi Arabia 405 413 409 409 408 $/MT
China 393 396 395 394 413 $/MT
India C&F 405 408 406 406 401 $/MT

MAP Brazil C&F 428 435 431 429 414 $/MT

NOLA 378 382 380 386 381 $/ST

Potash
Granular MOP NOLA 281 293 287 288 234 $/ST
Corn Belt 313 332 323 320 270 $/ST
Brazil C&F 352 359 356 356 290 $/MT

Standard MOP SE Asia C&F 296 314 305 306 263 $/MT

Urea
Granular Urea NOLA 248 254 251 262 243 $/ST
Brazil 286 294 290 301 264 $/MT

Raw Materials
Phosphate Rock Morocco 100 104 102 102 80 $/MT
Ammonia - Contract Tampa C&F 285 285 285 285 340 $/MT
Sulphur - Contract Tampa C&F 109 109 109 140 116 $/LT

DAP Processing Margin2 263 253 227 $/ST

 Plant Nutrient Affordability
Week Ending January 25, 2019

Plant Nutrient Affordability 1.00

Plant Nutrient Price Index / Crop Price Index
1.60 0.90
Source: Weekly Price Pub lications, CME,
USDA, AAPFCO, Mosaic 0.80
1.40
0.70
Less Affordable
1.20 0.60

1.00 0.50
0.40
0.80

More Affordable 0.60

0.40
07 08 09 10 11 12 13 14 15 16 17 18 19
Affordability Metric Average (2010-present)

Avg
Our Plant Nutrient Affordability metric is the ratio of a plant nutrient price index and a crop Current Prior Prior Prior Since
price index. A ratio less than one indicates that plant nutrient products are more affordable
Index Week Week Month Year 2010
than during the base year, and a ratio greater than one means that plant nutrients are less
affordable than during the base year. The base year for these two indexes is 2005. Plant Plant Nutrient Affordability Ratio 0.73 0.74 0.75 0.71 0.72
nutrient prices are from key U.S. pricing points, and crop prices are front month futures Crop Price Index 171 172 170 161 213
prices. The plant nutrient price index includes urea, diammonium phosphate (DAP) and
Plant Nutrient Price Index 125 127 127 115 150
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 DAP Affordability Ratio 0.96 0.98 1.00 0.98 0.90
closing price of the front month option for corn, soybeans and wheat weighted by the share MOP Affordability Ratio 0.91 0.90 0.90 0.80 0.87
of acres accounted for by each crop.
Urea Affordability Ratio 0.57 0.60 0.60 0.57 0.58
Source: Weekly Price Publications, CME, USDA, AAPFCO, Mosaic

1Current week low, high and average prices are based on Mosaic’s assessment of internal pricing information as well as averages from several weekly publications.
2The DAP processing margin is calculated for an integrated central Florida producer from published spot prices. It is the difference between the fob plant price of DAP and the cost
of sulphur and ammonia in one ton of DAP. The fob plant price of DAP is a weighted average of the Tampa vessel price (50%), the central Florida rail price (15%) and the NOLA
barge price (35%). The calculation assumes that .388 long tons of sulphur and .230 tons of ammonia are required to produce one ton of DAP. The historic data of this metric was
adjusted on 12/11/15 to reflect this new methodology.