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. 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. 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. Since our foundation in 1969, we have consistently invested in primary research capability and robust transparent methodologies – including in prices. According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020. Coronavirus Fertilizer Production Disruptions and Support Measures: Lessons Learned from China. 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. © 2020 DTN, all rights reserved. There is also some concern that potash application rates could get reduced due to unattractive profits for planting at today's crop prices. NOAA Seasonal Drought Outlook – Dec., Jan., Feb. Louisiana: 4 Parishes Designated Natural Disaster Areas to Hurricane Laura, Corn: HELM Agro Granted EPA Approval for Katagon Herbicide, North Carolina Wheat: Post-Emergence Control of Italian Ryegrass – Video, New Dicamba Labels Mandate Adding Volatility Reducing Agent, Ag Economy: COVID Related Impacts on Rural America, Deere Wins CES Innovation Award for ActiveVision Camera Tech – DTN, Sow Seeds for Your Family This Winter – DTN, Rural Internet: FCC Ruling Should Boost High-Speed Access – DTN, Cotton: AG Groups Team Up to Fuel Continuous Improvement in Mid-South, High Plains: Frenchman Valley Cooperative Launches Innovative New Brand, Horizon Rice: CLL17 – High Yields and Blast Resistance, Raven Industries Opens Pre-Orders for Driverless Ag Tech, HORSCH Adds Multi-Soil Tillage System To U.S. Top Picks; 9% OFF. As producers updated their 2020 crop budget, low fertilizer prices were a welcome improvement. March was a month of uncertainty for international phosphates with the impact of COVID-19 outside of China just beginning to show itself. July 31, 2020: 69.84 June 30, 2020: 66.80 May 31, 2020: 67.44 April 30, 2020: 73.70 March 31, 2020 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 The company said orders at the end of January more than doubled compared to the previous year. 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. International markets hold soft overtones with economies reeling from the impact of COVID-19. India outright closed smaller ports and shut down several phosphate production plants that consume imported ammonia. 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. Rabobank provides semi-annual global fertilizer outlook Thursday 10 December 2020 10:00. 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. More broadly 2020 will likely have the least-expensive corn-fertilizer expense in more than 10 years. Global fertilizer prices & market analysis Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. Fertilizer farm prices and indices of wholesale fertilizer prices are also available. 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. However, prices remain in a familiar range from slightly lower to slighty higher. 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. Corn: HELM Agro Granted EPA Approval for Katagon Herbicide Fertilizer prices were mostly higher on the week, but wholesale markets remain volatile and ... DAP Firms Amid Building Uncertainty. Table 4. Retail fertilizers are now all lower in price from a year ago. Overall, the market remains soft globally as major markets including China and India have delayed settling supply contracts due to COVID-19. 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. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. Price Range . The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. 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. More imports from Morocco and Russia could limit price gains, however, as the U.S. remains an attractive import market. Managing for Profit - April 30, 2020 Farm income higher, spending lower in March. World demand for fertilizer nutrient use, 2015-2020 (thousand tonnes) 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 addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. View Offer. 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. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. However, prices remain in a familiar range from slightly lower to slighty higher. In Yuzhnyy, Ukraine, prices fell roughly $5 from $220-$225 to $219-$221 FOB. 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. "DTN" and the degree symbol logo are trademarks of DTN. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. Managing for Profit - September 25, 2020 Fertilizer industry continues to positively impact the US economy. 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. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. 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. 9 April 2020. Grow your production, efficiencies, and profitability. In Northern markets, prices also rose to $295-$300 in the Twin Cities from $285-$290. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. Fertilizer prices declined by 8.5% in May 2020 as lower input costs and weak seasonal demand outweighed the gradual easing of supply bottlenecks. R5 216.00 . Fertilizer Injector Pump Proportione Automatic Dosing Device 4-30 Degree 0.4%-4% For Drip Irrigation. Posted 24 March 2020 by Sarah Marlow, Head of Current Information, Phosphates and Sulphur MAP prices fell in Brazil from $330 CFR to $315-$320, but DAP prices rose in India from $310 to $314-$320 CFR. Prices are subject to change at any time. Total retail sales were down 20.6% from a year ago in April. 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. Bullish analysts, however, had expected a much larger buy as India begins their new fertilizer budget year. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. All rights reserved. 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. In February, prices at NOLA were in the mid-$270s/t DAP and low $280s for MAP. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. Additionally, Russian producers have cut back production and exports to the U.S. in response to the lower price levels earlier in the year. Please correct the following errors and try again: We've detected that you are using an unsupported browser. For the first time in several months, prices split down the middle, with half coming in … Dow Jones reported last week Harvest Minerals Ltd. said it expects fertilizer demand to increase in 2020. 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. North Carolina Wheat: Post-Emergence Control of Italian Ryegrass – Video Large domestic nitrogen producers with the ability to switch, are reportedly favoring urea production over UAN. 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. New Dicamba Labels Mandate Adding Volatility Reducing Agent. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Editor's Note: This information was supplied courtesy of Fertecon, Agribusiness Intelligence, IHS Markit. 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. The Tampa price has not changed since December when Mosaic announced temporary phosphate production curtailments. River terminal values weakened slightly, going from $240-$250 earlier in the month to $235-$245. 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. In Canada, cash receipts in the first nine months of 2020 … Change in Reported Illinois Fertilizer Prices, Sept.-Oct. 2020 compared to April-May 2020. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. 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. At the end of March, prices remained largely at those levels with DAP at $272-$275/t FOB and MAP at $275-$280. Registration is FREE. 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. Groups Argue EPA Failed on Glyphosate – DTN From February to April 2020, the months immediately preceding the centralized bidding, the national average price of urea fertilizer was PHP1,051 per bag. Environmental and agriculture worker groups filed opening briefs in a lawsuit challenging EPA’s approval of glyphosate’s registration. Putting a value on agricultural land is both art and science, especially where sales prices remain private. Tillage. 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. Ammonia saw some activity in March with pockets of the Southern Plains starting planting as usual. 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. Updates on Fertilizer Prices, April 2019 Monthly Average Dealers' Prices of Fertilizers, April 2019: 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. For example, while current DAP prices are 4% above Spring 2020 prices, the uptick is from 10-year lows. Previously, the low of $97 per acre was observed in 2017. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. 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. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. 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. Join the community! Discover Fertecon. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. ©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. The South American fertilizer producer forecasted demand to rise about 3% this year. Previously, the low of $97 per acre was observed in 2017. Some plants have had to close temporarily, and this will likely lead to higher Indian imports of finished phosphates later in the year. 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 … Now R3 793.00 . 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. All other trademarks are the properties of their respective owners. Russ Quinn can be reached at russ.quinn@dtn.com. Dicamba: New Lawsuit, Same Complaints – DTN So far, some additional vessels have been confirmed for April arrival, but inbound volumes are still roughly 800,000 tons short of last year. Just like the higher priced fertilizer, these fertilizers did not have any large price movement. 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