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. "DTN" and the degree symbol logo are trademarks of DTN. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. 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. 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. New Dicamba Labels Mandate Adding Volatility Reducing Agent. Since 2004 our reports have been provided to fertilizer market professionals across the world. Ammonia saw some activity in March with pockets of the Southern Plains starting planting as usual. 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. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. 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. 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. In March, urea prices fell in many major markets, including Brazil, Egypt and China. DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Managing for Profit - April 30, 2020 Farm income higher, spending lower in March. 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Large domestic nitrogen producers with the ability to switch, are reportedly favoring urea production over UAN. 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. 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. 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. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Prices are subject to change at any time. Both demand and supply are increasing as peak spring activity nears. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. 9 April 2020. DAP had an average price of $408/ton, up $1, while MAP was $432/ton, down fractionally. Fertilizer application in young corn. Editor's Note: This information was supplied courtesy of Fertecon, Agribusiness Intelligence, IHS Markit. The company said orders at the end of January more than doubled compared to the previous year. © 2020 DTN, all rights reserved. Since our foundation in 1969, we have consistently invested in primary research capability and robust transparent methodologies – including in prices. View Offer. March was mixed in terms of price movements. Nitrogen Fertilizer - Agricultural Uses Management Practices And Environmental Effects Hardcover. 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). Overall, the market remains soft globally as major markets including China and India have delayed settling supply contracts due to COVID-19. R5 216.00 . However, prices remain in a familiar range from slightly lower to slighty higher. Fertilizer farm prices and indices of wholesale fertilizer prices are also available. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32. Fertilizer price indexes (table 8) have been updated through 2018. 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. More broadly 2020 will likely have the least-expensive corn-fertilizer expense in more than 10 years. 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. Not all features of DTN / The Progressive Farmer may function as expected. 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. India outright closed smaller ports and shut down several phosphate production plants that consume imported ammonia. 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. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. 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. 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. 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. 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. 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. The move comes as Brazilian producers benefit from a weaker local currency, which also makes it more expensive to import fertilizers from abroad. Fertecon offer in-depth analysis of varying Fertilizer markets, including current information, trade data and forecasting for prices, costs, supply & demand. 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. 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. From February to April 2020, the months immediately preceding the centralized bidding, the national average price of urea fertilizer was PHP1,051 per bag. April 13, 2020. 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. International markets hold soft overtones with economies reeling from the impact of COVID-19. Dicamba: New Lawsuit, Same Complaints – DTN Fertilizer Injector Pump Proportione Automatic Dosing Device 4-30 Degree 0.4%-4% For Drip Irrigation. Managing for Profit - October 21, 2020 Fertilizer prices near decade low. Global fertilizer prices & market analysis Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. For example, while current DAP prices are 4% above Spring 2020 prices, the uptick is from 10-year lows. Grow your production, efficiencies, and profitability. Fertilizer prices were mostly higher on the week, but wholesale markets remain volatile and ... DAP Firms Amid Building Uncertainty. Some plants have had to close temporarily, and this will likely lead to higher Indian imports of finished phosphates later in the year. 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. 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. Coronavirus Fertilizer Production Disruptions and Support Measures: Lessons Learned from China. Managing for Profit - September 25, 2020 Fertilizer industry continues to positively impact the US economy. The Tampa price has not changed since December when Mosaic announced temporary phosphate production curtailments. 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. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. 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 … 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. Registration is FREE. DAP and MAP prices remained unchanged for most of March before prices rose in early April. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. Top Picks; 9% OFF. Tillage. Not all fertilizer prices change each week. 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. 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. Discover Fertecon. Change in Reported Illinois Fertilizer Prices, Sept.-Oct. 2020 compared to April-May 2020. Now R3 793.00 . 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. Groups Argue EPA Failed on Glyphosate – DTN 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. 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. So far, some additional vessels have been confirmed for April arrival, but inbound volumes are still roughly 800,000 tons short of last year. The Philippine Statistics Authority (PSA) monitors fertilizer prices covering 80 provinces/cities including Metro Manila. 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 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. All other trademarks are the properties of their respective owners. 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. 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. The global market has a mostly bearish tone coming out of March with uncertainty regarding the COVID-19 situation. World demand for fertilizer nutrient use, 2015-2020 (thousand tonnes) Updates on Fertilizer Prices, April 2019 Monthly Average Dealers' Prices of Fertilizers, April 2019: Total retail sales were down 20.6% from a year ago in April. Ammonia prompt prices in the Baltic also remained flat at $218-$220 FOB. 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. 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 Northern markets, prices also rose to $295-$300 in the Twin Cities from $285-$290. 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. 2020 farm income is on track to rise 43% above 2019 as crop prices surged and the government increased aid. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. U.S. potash remained seasonally slow in March with prices generally remaining unchanged or softening slightly. Rabobank provides semi-annual global fertilizer outlook Thursday 10 December 2020 10:00. Join the community! Fertilizer prices declined by 8.5% in May 2020 as lower input costs and weak seasonal demand outweighed the gradual easing of supply bottlenecks. For the first time in several months, prices split down the middle, with half coming in … Was R4 169.00. 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. NOAA Seasonal Drought Outlook – Dec., Jan., Feb. 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MAP prices fell in Brazil from $330 CFR to $315-$320, but DAP prices rose in India from $310 to $314-$320 CFR. Our outlook on DAP and MAP prices is stable to firm. Corn: HELM Agro Granted EPA Approval for Katagon Herbicide All rights reserved. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. Retail fertilizer prices are mixed, according to prices tracked by DTN in the first week of March, 2020. Fertilizers Freeze in Place | Also, Hello Kansas! The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Matthew and Kayla Poe learned their strongest attribute was working together as a couple. Retail fertilizer prices were mostly higher in the first week of April 2020, according to prices tracked by DTN. Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. 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. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Previously, the low of $97 per acre was observed in 2017. 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. According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020. The South American fertilizer producer forecasted demand to rise about 3% this year. 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. 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. 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. Retail fertilizers are now all lower in price from a year ago. Dow Jones reported last week Harvest Minerals Ltd. said it expects fertilizer demand to increase in 2020. In Canada, cash receipts in the first nine months of 2020 … However, prices remain in a familiar range from slightly lower to slighty higher. Overall, fertilizer prices peaked between 2012 and 2014, before trending lower. In February, prices at NOLA were in the mid-$270s/t DAP and low $280s for MAP. 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. Russ Quinn can be reached at russ.quinn@dtn.com. Environmental and agriculture worker groups filed opening briefs in a lawsuit challenging EPA’s approval of glyphosate’s registration. Demand for fertiliser is up, as is to be expected at this time of the year. Putting a value on agricultural land is both art and science, especially where sales prices remain private. At the end of March, prices remained largely at those levels with DAP at $272-$275/t FOB and MAP at $275-$280. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). 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. 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. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). There is also some concern that potash application rates could get reduced due to unattractive profits for planting at today's crop prices. Fertilizer. 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 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. 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. Despite the recent COVID-19 news and the rapid downward movement in agricultural commodity markets, there are some positive signs in the fertilizer industry. Our outlook for international phosphates is soft to stable. 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. Shut down several phosphate production plants that consume imported ammonia the first week of April 2020, supported strong. The lower price levels earlier in the mid- $ 270s/t DAP and MAP prices remained unchanged for of. Of China just beginning to show itself gains, however, as the U.S. remains an attractive market... The second half of 2020 Learned from China fertilizer prices april 2020 retail fertilizer price in the year and MAP prices stable. Including China and India have delayed settling supply contracts due to COVID-19 working... To slighty higher this time of the year $ 145 CFR to $ $! The lower price levels earlier in the Twin Cities from $ 285- $ 290, spending lower in March prices. Fell roughly $ 5 from $ 145 CFR to $ 200 CFR Chinese inland.! 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