Urea had a $14/ton price increase compared to the same time last month, the largest jump of the eight major fertilizers tracked by DTN. The outlook for UAN in the U.S. is firm for the short term, with room to move up basis urea prices levels; however, additional UAN import vessels from Russia in May could cap the upside. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. Both demand and supply are increasing as peak spring activity nears. Coronavirus Fertilizer Production Disruptions and Support Measures: Lessons Learned from China. China’s current sulfur prices in the last week of April 2020 were at 513.33 RMB per MT. Home » News » COVID-19: FG reduces price of NPK fertilizer for farmers COVID-19: FG reduces price of NPK fertilizer for farmers On April 15, 2020 3:10 pm In News by Hamed Shobiye Dow Jones reported last week Harvest Minerals Ltd. said it expects fertilizer demand to increase in 2020. India outright closed smaller ports and shut down several phosphate production plants that consume imported ammonia. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. 2020 farm income is on track to rise 43% above 2019 as crop prices surged and the government increased aid. Fertilizer farm prices and indices of wholesale fertilizer prices are also available. Latest market update November 2020 … At the end of March, India came back to the global market with a urea tender, accepting offers of roughly 750,000 mt of urea. The bullish trend continued in March with prices increasing to $245-$267/t FOB as urea imports remained well below last year's volumes by nearly 1 million tons. Fertilizers Freeze in Place | Also, Hello Kansas! In Northern markets, prices also rose to $295-$300 in the Twin Cities from $285-$290. July 31, 2020: 69.84 June 30, 2020: 66.80 May 31, 2020: 67.44 April 30, 2020: 73.70 March 31, 2020 To date, most of the COVID-19 cases in Brazil are in Sao Paulo and Rio de Janeiro, with no cases reported near the firm’s Arapua manufacturing site, according to Harvest Minerals. Ammonia saw some activity in March with pockets of the Southern Plains starting planting as usual. Demand for fertiliser is up, as is to be expected at this time of the year. Our outlook on DAP and MAP prices is stable to firm. Fertilizer price indexes (table 8) have been updated through 2018. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. As the international impact of COVID-19 outside of China was just beginning to take shape in early March, the situation for global ammonia was extremely uncertain. The following is a breakdown of wholesale prices and trends of the various fertilizers in the month of March and into the first two weeks of April. Factory prices (ex-plant) fell slightly in Oklahoma from $300/t to $290-$300, while in Iowa, the price range widened at both extremes from $300 to $290-$310. World demand for fertilizer nutrient use, 2015-2020 (thousand tonnes) The 2020 Purdue Crop Cost and Return Guide has fertilizer costs for corn production for average-productivity soils in continuous corn at $127 per acre, rotation corn at … Fertilizer prices declined by 8.5% in May 2020 as lower input costs and weak seasonal demand outweighed the gradual easing of supply bottlenecks. Six fertilizers were higher in price compared to last month with none of the six up a significant amount, which DTN considers a price move of 5% or more. Phosphates have a chance to continue gaining in price with peak spring demand just ahead, but high carryover inventories from past seasons will need to clear out before prices start to significantly rise. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. On terminals along open sections of the Mississippi River, prices rose to $280-$300/t FOB at the end of March, up from $275-$295 earlier in the month. Prices are subject to change at any time. Fertilizer application in young corn. DAP is 20% lower, MAP is 19% less expensive, anhydrous is 18% lower, UAN28 is 14% less expensive, UAN32 is 13% lower, urea is 5% less expensive, potash is 4% lower and 10-34-0 is 2% less expensive from last year at this time. DAP had an average price of $408/ton, up $1, while MAP was $432/ton, down fractionally. Retail fertilizers are now all lower in price from a year ago. In February, prices at NOLA were in the mid-$270s/t DAP and low $280s for MAP. Additionally, Russian producers have cut back production and exports to the U.S. in response to the lower price levels earlier in the year. However, at the end of the month, prompt ammonia prices from Illinois to Ohio had risen almost in line with prepay values at $380-$400/t FOB. On a price per pound of nitrogen basis, the average urea price was at $0.42/lb.N, anhydrous $0.30/lb.N, UAN28 $0.42/lb.N and UAN32 $0.43/lb.N. Imported product in the NOLA barge market brought prices down roughly $5 from $210-$215/t FOB at the beginning of March to $205 at the end of the month. India was the main focus where most ports have declared force majeure as a result of the lockdown situation, which has affected the domestic phosphate producer's ability to import raw materials. Fertilizer prices were mostly higher on the week, but wholesale markets remain volatile and ... DAP Firms Amid Building Uncertainty. At the end of March, prices remained largely at those levels with DAP at $272-$275/t FOB and MAP at $275-$280. 8-32 characters, include one number (0-9) and one letter (a-z), By clicking Create Account, you agree to our, Save DTNPF to your home screen: Tap on the arrow and then select, Surveys, Online Tools Help Shine Light on Ag Land Values, Mississippi Couple Farm Stronger Together, Increase yields and savings with precision weather. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Fertilizer prices are projected to increase modestly by 3% in 2021, according to the October 2020 edition of the World Bank’s Commodity Markets Outlook. In Egypt, March ended $10-$15 lower from the beginning of the month at $239-$245 FOB and CFR prices for Brazil fell similarly to $245-$248 CFR. However, prices remain in a familiar range from slightly lower to slighty higher. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. Looking at fundamentals, the global market remains oversupplied and could face further downturns, especially if important ammonia ports are closed or if phosphate production is curtailed due to COVID-19. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. River terminal values weakened slightly, going from $240-$250 earlier in the month to $235-$245. Environmental and agriculture worker groups filed opening briefs in a lawsuit challenging EPA’s approval of glyphosate’s registration. 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UAN saw muted excitement over a historically attractive value per unit of nitrogen compared to urea, and as urea prices moved higher in March, so followed UAN. India this past week offered much better news, however, with some ports allowed to take ammonia vessels and some plants restarting following renewed advice from the government that fertilizer is an essential industry. Along the Mississippi at lower river terminals, prices ended March at $300-$310 DAP and $305-$315 MAP, only slightly softer on the low end by about $5 from late February. © 2020 DTN, all rights reserved. Potash has an average price of $370/ton, up $1; 10-34-0 $467/ton, up $1; anhydrous $492/ton, up $2; UAN28 $235/ton, up fractionally; and UAN32 $278/ton, up $1. In 2020 that example fertilizer rate would cost $95 per acre, a $20-per-acre reduction from 2019 spring prices or a decrease of 17.6 percent. March was a month of uncertainty for international phosphates with the impact of COVID-19 outside of China just beginning to show itself. March was mixed in terms of price movements. Top Picks; 9% OFF. New Dicamba Labels Mandate Adding Volatility Reducing Agent. "DTN" and the degree symbol logo are trademarks of DTN. MAP prices fell in Brazil from $330 CFR to $315-$320, but DAP prices rose in India from $310 to $314-$320 CFR. That uncertainty grew exponentially following the mid-March crude oil price crash and pandemic expansion of the virus, culminating with countries including China and India, having to turn away ammonia vessels temporarily. Grow your production, efficiencies, and profitability. On the East Coast, prices rose from $145 CFR to $200 CFR. Putting a value on agricultural land is both art and science, especially where sales prices remain private. However, prices remain in a familiar range from slightly lower to slighty higher. At the end of February, urea barge prices in New Orleans, Louisiana, (NOLA) had risen $10-$20 to $243-$251/t FOB from lows lower earlier in the month. The Tampa price has not changed since December when Mosaic announced temporary phosphate production curtailments. With supply running tight, especially on the Texas Gulf and East Coast at the end of March, prices soared as much as $30 higher in one week in certain markets. Fertilizer Europe (FE) ... Fertiliser prices have fallen considerably in recent weeks, according to the IFA’s latest fertiliser price update. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Despite the recent COVID-19 news and the rapid downward movement in agricultural commodity markets, there are some positive signs in the fertilizer industry. Nitrogen Fertilizer - Agricultural Uses Management Practices And Environmental Effects Hardcover. Discover Fertecon. All rights reserved. The South American fertilizer producer forecasted demand to rise about 3% this year. View Offer. By the first days of April, terminals in Illinois and Iowa reported prepaid ammonia was beginning to move in anticipation of clear weather and soil drying. The sharp global economic downturn caused by the coronavirus pandemic and the collapse in crude oil prices has wide-ranging implications for the fertilizers industry. Groups Argue EPA Failed on Glyphosate – DTN As a member of the DTNPF online community you can contribute to discussions, save your settings, get exclusive email alerts and access to special online sections, and read e-newsletters. Join the community! At NOLA, UAN prices rose in March from $120-$125/t FOB to $135 with river terminals rising $10 to $170-$180/t FOB. Previously, the low of $97 per acre was observed in 2017. As producers updated their 2020 crop budget, low fertilizer prices were a welcome improvement. For the first time in several months, prices split down the middle, with half coming in … Fertilizer Injector Pump Proportione Automatic Dosing Device 4-30 Degree 0.4%-4% For Drip Irrigation. On terminals along open sections of the Mississippi River, prices rose to $280-$300/t FOB at the end of March, up from $275-$295 earlier in the month. World fertilizer trends and outlook to 2020 4 The world and regional demand forecasts for the three main plant nutrients for 2015 to 2020 are presented in Annexes 1, 2 and 3, as well as in Annexes 4, 5 and 6 where compound annual growth rates (CAGR) are also provided. Updates on Fertilizer Prices, April 2019 Monthly Average Dealers' Prices of Fertilizers, April 2019: Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. Prices in March were flat and relatively uniform across the Corn Belt in a range of $320-$350 per short ton (t) free-on-board (FOB). Compound Fertilizer Price - Select 2020 high quality Compound Fertilizer Price products in best price from certified Chinese Organic Compound Fertilizer manufacturers, Seaweed Compound Fertilizer suppliers, wholesalers and factory on Made-in-China.com West of the river, prices remained lower at $330-$350/t FOB in Iowa and Nebraska, with the latter still at extremely high soil saturation levels, according to NOAA. 9 April 2020. Overall, the market remains soft globally as major markets including China and India have delayed settling supply contracts due to COVID-19. In China, however, COVID-19 infections peaked and began to fall at the end of March, signaling the country's recovery from the worst of the outbreak, and fertilizer production began returning to higher rates. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Bookmark this Topic Page to stay up to date at this unprecedented time with expert insight and analysis of the impact these developments are having on fertilizer markets. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Retail fertilizer prices are mixed, according to prices tracked by DTN in the first week of March, 2020. Since 2004 our reports have been provided to fertilizer market professionals across the world. In Canada, cash receipts in the first nine months of 2020 … The global market has a mostly bearish tone coming out of March with uncertainty regarding the COVID-19 situation. The remaining two fertilizers had lower prices compared to a month earlier. So far, some additional vessels have been confirmed for April arrival, but inbound volumes are still roughly 800,000 tons short of last year. Global fertilizer prices & market analysis Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. Tillage. Not all fertilizer prices change each week. According to the U.S. Census Bureau, restaurants and bars saw a 48.7% decline in monthly sales in April 2020 compared to a year ago. Ammonia prompt prices in the Baltic also remained flat at $218-$220 FOB. Its average price was $383/ton. Figure 1. By Logan Garcia Market Reporter - Fertecon Agribusiness Intelligence, IHS Markit. Dicamba: New Lawsuit, Same Complaints – DTN River conditions will also play a role logistically across all products and determine how much imported product can compete with Canadian and American potash producers. We expect prices have some more room to firm in April with the likelihood to soften afterward in the scenario that enough imports arrive to properly supply the market. Not all features of DTN / The Progressive Farmer may function as expected. Just like the higher priced fertilizer, these fertilizers did not have any large price movement. Depending on how much movement we see in April, potash could see prices stabilize or rise if the weather permits for lots of dry application. Bullish analysts, however, had expected a much larger buy as India begins their new fertilizer budget year. By providing precise and consistent nutrients to plants, fertilizers are crucial for increasing yields on existing farmland, improving soil carbon sequestration, protecting wild ecosystems and ensuring global food security. Was R4 169.00. In terms of international impact by the numbers, Yara and Mosaic agreed to roll over the Tampa ammonia contract price at $250 per metric ton (mt) cost and freight (CFR) for April. Six fertilizers were higher in price compared to last month with none of the six up a significant amount, which DTN considers a price move of 5% or more. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Since our foundation in 1969, we have consistently invested in primary research capability and robust transparent methodologies – including in prices. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Fertecon offer in-depth analysis of varying Fertilizer markets, including current information, trade data and forecasting for prices, costs, supply & demand. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. R5 216.00 . There is also some concern that potash application rates could get reduced due to unattractive profits for planting at today's crop prices. In Yuzhnyy, Ukraine, prices fell roughly $5 from $220-$225 to $219-$221 FOB. The Russia-Saudi Arabia crude oil price war and stock market crash briefly erased urea's gains as prices fell roughly $25 in one week, before prompt barge prices rallied again to as high as $270 in early April. The move comes as Brazilian producers benefit from a weaker local currency, which also makes it more expensive to import fertilizers from abroad. Inputs Monitor | By Davis Michaelsen on 08/06/2020 12:34 PM Fertilizer prices were generally lower on the week, but the phosphate market remains on edge. Managing for Profit - April 30, 2020 Farm income higher, spending lower in March. More imports from Morocco and Russia could limit price gains, however, as the U.S. remains an attractive import market. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Fertilizer. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Matthew and Kayla Poe learned their strongest attribute was working together as a couple. Managing for Profit - September 25, 2020 Fertilizer industry continues to positively impact the US economy. Managing for Profit - October 21, 2020 Fertilizer prices near decade low. Editor's Note: This information was supplied courtesy of Fertecon, Agribusiness Intelligence, IHS Markit. Previously, the low of $97 per acre was observed in 2017. Current prices are near their lowest levels in a decade. Now R3 793.00 . According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020. In March, urea prices fell in many major markets, including Brazil, Egypt and China. Our outlook for international phosphates is soft to stable. Similar to phosphates, potash is seeing increased demand from springtime buying at NOLA and the terminals, but prices have not risen significantly as supply remains widely available. All other trademarks are the properties of their respective owners. However, the short-term prompt demand from U.S. and global traders covering shorts for Europe seems to be keeping the market from an all-out crash. Registration is FREE. Posted 24 March 2020 by Sarah Marlow, Head of Current Information, Phosphates and Sulphur More broadly 2020 will likely have the least-expensive corn-fertilizer expense in more than 10 years. International markets hold soft overtones with economies reeling from the impact of COVID-19. Table 4. CRU's Prices service for fertilizers updates key price assessments every Thursday, covering urea, nitrates, ammonia, phosphates, potash, sulphur and sulphuric acid in one offering. Large domestic nitrogen producers with the ability to switch, are reportedly favoring urea production over UAN. 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Urea and ammonia prices tumble amid excess inventories U.S. corn crop likely below USDA projections, BI analyst says Corn is planted in a field outside Henry, Illinois on April 20. From February to April 2020, the months immediately preceding the centralized bidding, the national average price of urea fertilizer was PHP1,051 per bag. Corn: HELM Agro Granted EPA Approval for Katagon Herbicide But movement soon followed in Illinois with a surprising stretch in mid-March, owing to a preview of spring weather that came at the end of the month. Some plants have had to close temporarily, and this will likely lead to higher Indian imports of finished phosphates later in the year. U.S. potash remained seasonally slow in March with prices generally remaining unchanged or softening slightly. For example, while current DAP prices are 4% above Spring 2020 prices, the uptick is from 10-year lows. Russ Quinn can be reached at [email protected]
Change in Reported Illinois Fertilizer Prices, Sept.-Oct. 2020 compared to April-May 2020. The company said orders at the end of January more than doubled compared to the previous year. DAP and MAP prices remained unchanged for most of March before prices rose in early April. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). CRU price assessments are supported by our deep understanding of commodity market fundamentals, the operation of entire supply chains and our broader market understanding and analysis capability. Along with an early start in Illinois and USDA increasing its corn acreage forecasts to 97 million, fundamentals for U.S. ammonia are much more positive this season. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. 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