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. 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. 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. Figure 1. Change in Reported Illinois Fertilizer Prices, Sept.-Oct. 2020 compared to April-May 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. Putting a value on agricultural land is both art and science, especially where sales prices remain private. Dow Jones reported last week Harvest Minerals Ltd. said it expects fertilizer demand to increase in 2020. 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. Fertilizer farm prices and indices of wholesale fertilizer prices are also available. Fertilizer application in young corn. World demand for fertilizer nutrient use, 2015-2020 (thousand tonnes) Midwest: 3 Soybean Gall Midge Webinars in Jan. Cleveland on Cotton: “Finally, a Good Day to Be a Grower”, Minnesota: 2021 Research Updates for Ag Professionals – Jan. 5, 7, 12, Kentucky: Virtual Winter Wheat Meeting Jan. 5, 8, Texas: Virtual Nueces/San Patricio County Field Crop Symposium, Jan. 7. Top Picks; 9% OFF. July 31, 2020: 69.84 June 30, 2020: 66.80 May 31, 2020: 67.44 April 30, 2020: 73.70 March 31, 2020 The Tampa price has not changed since December when Mosaic announced temporary phosphate production curtailments. 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 More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. Updates on Fertilizer Prices, April 2019 Monthly Average Dealers' Prices of Fertilizers, April 2019: 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. At the end of March, prices remained largely at those levels with DAP at $272-$275/t FOB and MAP at $275-$280. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Join the community! 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. Just like the higher priced fertilizer, these fertilizers did not have any large price movement. From February to April 2020, the months immediately preceding the centralized bidding, the national average price of urea fertilizer was PHP1,051 per bag. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. 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. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. Large domestic nitrogen producers with the ability to switch, are reportedly favoring urea production over UAN. On the East Coast, prices rose from $145 CFR to $200 CFR. In February, prices at NOLA were in the mid-$270s/t DAP and low $280s for MAP. ©Debra L Ferguson Stock Photography, Groups Argue EPA Failed on Glyphosate – DTN, Young, Married Farm Couple Cite Cooperation as Greatest Strength – DTN, DTN Fertilizer Trends: Prices Moving Higher, Dicamba: New Lawsuit, Same Complaints – DTN, Dee River Ranch Brings Soil to Life with Innovation, Experimentation – DTN, Drought Monitor Weekly: Limited Relief for California, DTN Cotton Open: Robust Exports Bolster Overnight Trade, DTN Grain Closing: Strong Finish Ahead of Christmas, Congress Passes COVID Relief Stimulus Package, with Ag, Nutrition Provisions, Arkansas Peanuts: Slow Start, Strong Finish, Livestock: USDA Wants One-Stop Biotech Shop – DTN, Future Pandemics – Human and Livestock – Require Highly-Funded, Long-Term Research – Commnetary, Congress Wraps Up 2020 with Appropriations and Relief Bills, Arkansas Rice: Strong Year Despite Slow Start, Prolonged Finish, California Tree Crops: Tracking Winter Chill in Fruit Growing Regions, Drought Monitor Weekly: Record Dryness Out West with Limited Relief. Fertilizer price indexes (table 8) have been updated through 2018. 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" and the degree symbol logo are trademarks of DTN. Nitrogen Fertilizer - Agricultural Uses Management Practices And Environmental Effects Hardcover. 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. Coronavirus Fertilizer Production Disruptions and Support Measures: Lessons Learned from China. Its average price was $383/ton. April 13, 2020. There is also some concern that potash application rates could get reduced due to unattractive profits for planting at today's crop prices. 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. 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. Fertilizers Freeze in Place | Also, Hello Kansas! 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. 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. The global market has a mostly bearish tone coming out of March with uncertainty regarding the COVID-19 situation. 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. 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. 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. Now R3 793.00 . Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. 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. India outright closed smaller ports and shut down several phosphate production plants that consume imported ammonia. 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 Retail fertilizer prices are mixed, according to prices tracked by DTN in the first week of March, 2020. 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. At NOLA, UAN prices rose in March from $120-$125/t FOB to $135 with river terminals rising $10 to $170-$180/t FOB. The remaining two fertilizers had lower prices compared to a month earlier. Fertilizer Europe (FE) ... Fertiliser prices have fallen considerably in recent weeks, according to the IFA’s latest fertiliser price update. 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Groups Argue EPA Failed on Glyphosate – DTN Some plants have had to close temporarily, and this will likely lead to higher Indian imports of finished phosphates later in the year. 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. 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. Environmental and agriculture worker groups filed opening briefs in a lawsuit challenging EPA’s approval of glyphosate’s registration. Not all fertilizer prices change each week. Trump Vetoes Defense Bill, Setting Up Possible Override Vote, On-Farm Data Feeds Decisions Locally, Globally, Despite Court Victory, Basin Farmers Give Up Flowage Easements to Government, Next Generation Learns From Failures, Embraces Success, Good Ground Gives Good Home for North Dakota Farmer, Fourth-Generation Rice Farmer Carries on Family Legacy, Domestic Wholesale Fertilizer Prices Expected to Firm as Spring Demand Ramps Up. Bullish analysts, however, had expected a much larger buy as India begins their new fertilizer budget year. 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. 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. Since our foundation in 1969, we have consistently invested in primary research capability and robust transparent methodologies – including in prices. Russ Quinn can be reached at russ.quinn@dtn.com. Prices are subject to change at any time. March was mixed in terms of price movements. NOAA Seasonal Drought Outlook – Dec., Jan., Feb. 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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. Latest market update November 2020 … 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. So far, some additional vessels have been confirmed for April arrival, but inbound volumes are still roughly 800,000 tons short of last year. New Dicamba Labels Mandate Adding Volatility Reducing Agent. Ammonia prompt prices in the Baltic also remained flat at $218-$220 FOB. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. 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. For the first time in several months, prices split down the middle, with half coming in … Discover Fertecon. More broadly 2020 will likely have the least-expensive corn-fertilizer expense in more than 10 years. According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020. 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 … 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. The South American fertilizer producer forecasted demand to rise about 3% this year. The company said orders at the end of January more than doubled compared to the previous year. Retail fertilizers are now all lower in price from a year ago. 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 move comes as Brazilian producers benefit from a weaker local currency, which also makes it more expensive to import fertilizers from abroad. Managing for Profit - April 30, 2020 Farm income higher, spending lower in March. MAP prices fell in Brazil from $330 CFR to $315-$320, but DAP prices rose in India from $310 to $314-$320 CFR. 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. Overall, the market remains soft globally as major markets including China and India have delayed settling supply contracts due to COVID-19. In March, urea prices fell in many major markets, including Brazil, Egypt and China. March was a month of uncertainty for international phosphates with the impact of COVID-19 outside of China just beginning to show itself. Editor's Note: This information was supplied courtesy of Fertecon, Agribusiness Intelligence, IHS Markit. 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. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. Not all features of DTN / The Progressive Farmer may function as expected. 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. Additionally, Russian producers have cut back production and exports to the U.S. in response to the lower price levels earlier in the year. Our outlook on DAP and MAP prices is stable to firm. Both demand and supply are increasing as peak spring activity nears. Fertecon offer in-depth analysis of varying Fertilizer markets, including current information, trade data and forecasting for prices, costs, supply & demand. Fertilizer prices were mostly higher on the week, but wholesale markets remain volatile and ... DAP Firms Amid Building Uncertainty. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. © 2020 DTN, all rights reserved. Despite the recent COVID-19 news and the rapid downward movement in agricultural commodity markets, there are some positive signs in the fertilizer industry. 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 sharp global economic downturn caused by the coronavirus pandemic and the collapse in crude oil prices has wide-ranging implications for the fertilizers industry. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). 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. In Canada, cash receipts in the first nine months of 2020 … 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. 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. River terminal values weakened slightly, going from $240-$250 earlier in the month to $235-$245. 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. Fertilizer prices declined by 8.5% in May 2020 as lower input costs and weak seasonal demand outweighed the gradual easing of supply bottlenecks. 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. International markets hold soft overtones with economies reeling from the impact of COVID-19. 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. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Was R4 169.00. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. DAP had an average price of $408/ton, up $1, while MAP was $432/ton, down fractionally. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. China’s current sulfur prices in the last week of April 2020 were at 513.33 RMB per MT. DAP and MAP prices remained unchanged for most of March before prices rose in early April. 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). Posted 24 March 2020 by Sarah Marlow, Head of Current Information, Phosphates and Sulphur Current prices are near their lowest levels in a decade. Fertilizer Injector Pump Proportione Automatic Dosing Device 4-30 Degree 0.4%-4% For Drip Irrigation. Our outlook for international phosphates is soft to stable. 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. R5 216.00 . Overall, fertilizer prices peaked between 2012 and 2014, before trending lower. However, prices remain in a familiar range from slightly lower to slighty higher. 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. Since 2004 our reports have been provided to fertilizer market professionals across the world. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). 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. Copyright 2020 DTN/The Progressive Farmer. 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. Fertilizer. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. 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. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). In Yuzhnyy, Ukraine, prices fell roughly $5 from $220-$225 to $219-$221 FOB. All other trademarks are the properties of their respective owners. Dicamba: New Lawsuit, Same Complaints – DTN Table 4. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. Global fertilizer prices & market analysis Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. 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. Managing for Profit - October 21, 2020 Fertilizer prices near decade low. Rabobank provides semi-annual global fertilizer outlook Thursday 10 December 2020 10:00. 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. As producers updated their 2020 crop budget, low fertilizer prices were a welcome improvement. 9 April 2020. Corn: HELM Agro Granted EPA Approval for Katagon Herbicide Managing for Profit - September 25, 2020 Fertilizer industry continues to positively impact the US economy. Ammonia saw some activity in March with pockets of the Southern Plains starting planting as usual. Tillage. 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. All rights reserved. More imports from Morocco and Russia could limit price gains, however, as the U.S. remains an attractive import market. Total retail sales were down 20.6% from a year ago in April. 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. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. 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. Previously, the low of $97 per acre was observed in 2017. 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. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Demand for fertiliser is up, as is to be expected at this time of the year. Previously, the low of $97 per acre was observed in 2017. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. By Logan Garcia Market Reporter - Fertecon Agribusiness Intelligence, IHS Markit. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. 2020 farm income is on track to rise 43% above 2019 as crop prices surged and the government increased aid. In Northern markets, prices also rose to $295-$300 in the Twin Cities from $285-$290. Grow your production, efficiencies, and profitability. North Carolina Wheat: Post-Emergence Control of Italian Ryegrass – Video 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. 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. View Offer. Price Range .
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