The other significant influence on global fertilizer prices is the price of fossil fuels, in particular natural gas. The end of the year is when many farmers will buy inputs for year-end tax planning purposes. Join the community! 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. (c) Copyright 2020 DTN, LLC. DAP had an average price of $466/ton, up $11; urea $361/ton, up $3; 10-34-0 $463/ton, up $8; UAN28 $210/ton, up $3; and UAN32 $253/ton, up $4. Fertilizers contribute in increased yield of crop. (DTN chart) OMAHA (DTN) -- … 14.00 ‐ 15.30 Fertilizer consumption potential in the region. The government of Pakistan has decided to reduce urea prices by Rs 400 per bag. Previously, the low of $97 per acre was observed in 2017. Three fertilizers were up a significant amount, which DTN designates as 5% or more. Russian prices were uncompetitive due to sellers adopting export tax price protection. Last week, Dow Jones reported fertilizer prices are likely to be higher on average in 2021. The price swing won’t be as dramatic if growers are able to split next year’s fertilizer requirements between the fall of 2019 and the spring of 2020. 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. Russ Quinn can be reached at russ.quinn@dtn.com. 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. Pull Spreader Rental: Ton: $10.00: Sprayer Rental Under 20 A “Expect improved demand and limited new capacity (to) lead to a tighter supply/demand balance in 2020 and over the medium term.” According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020, primarily supported by improved demand in several major geographies. Potash had an average price $332 per ton, down $6; urea $358/ton, down $4; 10-34-0 $456/ton, down $1; anhydrous $424/ton, down $1; UAN28 $209/ton, down $3; and UAN32 $249/ton, down $1. Not only are fertilizer prices low, but they are also significantly below the highs of just 5 to 10 years ago. DAP is 5% higher while MAP is 14% more expensive compared to last year. To take advantage of those lower fertilizer costs, farmers may want to work with retailers to order products early. © 2020 DTN, all rights reserved. Fertilizers Price Index is at a current level of 77.14, up from 76.59 last month and up from 75.04 one year ago. ٖFertilizers Prices in Pakistan August 2020 In the interest of farmers, the price of urea per bag will be reduced by Rs 400 but different fertilizer companies can not be reduced due to the separate effect of the GIDC rate on each company, fertilizer prices as per the government’s desired limit. The government of Pakistan has decided to reduce urea prices by Rs 400 per bag. Irish fertiliser sales also… Huge demand for fertiliser Dicamba: New Lawsuit, Same Complaints – DTN Fertilizer prices are currently near their lowest levels in a decade. 2020 farm income is on track to rise 43% above 2019 as crop prices surged and the government increased aid. In Canada, cash receipts in the first nine months of 2020 … "DTN" and the degree symbol logo are trademarks of DTN. 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In the case of phosphates, barring another record-breaking wet spring, we see no way that prices can be sustained at the level seen at the end of 2019, and if the past is any guide, they will snap back sharply. This has played out most significantly in Brazil and India, two of the top-three biggest importers in the globe for the last five years. Registration is FREE. However, prices could be an issue because of supply tightness. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). “We have no fall application at all,” Batie said. Fertilizer Prices in Pakistan 2020 – DAP, Urea, NPK, SSP, SOP, MOP. Global Fertilizer Prices. Updates on Fertilizer Prices Back to Publication Catalog This monthly price update shows the situation and the monthly prevailing Dealers' (Retail) prices of the four (4) fertilizer grades: Urea (45-0-0), Complete (14-14-14), Ammosul (21-0-0) and Ammophos (16-20-0). Prices for five fertilizers were slightly lower compared to the previous month, though none was down a significant amount, which DTN designates as 5% or more. It’s the second week in a row that all eight major fertilizers were higher than the previous month. Current fertilizer prices translate into a fertilizer expense below the Spring 2020 level, which were already the lowest in a decade. "While new urea plants are due to come on stream in 2021, they might be delayed because of COVID-19," the Dow Jones article said. ٖFertilizers Prices in Pakistan August 2020 In the interest of farmers, the price of urea per bag will be reduced by Rs 400 but different fertilizer companies can not be reduced due to the separate effect of the GIDC rate on each company, fertilizer prices as per the government’s desired limit. MAP, potash and anhydrous were all 7% more expensive compared to the prior month. Since 2004 our reports have been provided to fertilizer market professionals across the world. Product can be used this fall or next spring. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. The price of DAP was about 2% higher, up $9/ton to $448/ton. Russian prices were uncompetitive due to sellers adopting export tax price protection. Cattle graze all of the corn stalks in the region for most of the winter months, he said. As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. FERGUS FALLS, Minn. – As farmers figure their 2020 budgets, one line item that might help is lower fertilizer prices. Table 4. Of the two remaining fertilizers that had higher prices, MAP saw its average retail price increase by $18/ton, or about 4% from last month, to $477/ton. This has played out most significantly in Brazil and India, two of the top-three biggest importers in the globe for the last five years. nitrogen demand is expected to rebound in the 2019-20 fertilizer year, particularly supported by strong spring demand,” Yao said. DAP prices have fallen the most, down 22%. Producers who fertilize every two years with application due for the 2020 crop year could do the same thing to increase profits from the first crop, but the cost of applying fertilizer again for 2021 might offset any gain unless prices are much better. Current prices are near their lowest levels in a decade. On a price per pound of nitrogen basis, the average urea price was at $0.39/lb.N, anhydrous $0.26/lb.N, UAN28 $0.37/lb.N and UAN32 $0.39/lb.N. Across the board, lowered fertilizer prices are observed. For example, the example fertilizer expense exceeded $140 per acre for five straight years. Batie farms in central Nebraska’s fertile Platte River Valley with soils that have a shallow water table, thus allowing fertilizer to move easily with rainfall. 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 Previously, the low of $97 per acre was observed in 2017. Through the first couple of weeks of 2020, phosphate prices have already risen about $30 per ton. In its monthly update, Strategie Grains lowered the projection for the 2020/21 EU soft wheat crop by 300,000t to 129.6mln t, whilst citing a heavier outlook for 2021/22 following the tight 2020/21 season. To take advantage of those lower fertilizer costs, farmers may want to work with retailers to order products early. Midwest: 3 Soybean Gall Midge Webinars in Jan. Cleveland on Cotton: “Finally, a Good Day to Be a Grower”, Moving Grain: 2020 Operational Costs of Trucking, 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. Figure 2. It's the second week in a row that all eight major fertilizers were higher than the previous month. Putting a value on agricultural land is both art and science, especially where sales prices remain private. Fertilizer prices reported out of Illinois in March 2020 were significantly lower than in spring 2019. “Anhydrous ammonia is down the most, about 14%. “Expect improved demand and limited new capacity (to) lead to a tighter supply/demand balance in 2020 and over the medium term.” CONSEQUENCES OF TOUGHER AN STORAGE REGULATIONS IN 2021: CONSUMPTION CUTS OR SUBSTITUTION? Current prices are near their lowest levels in a decade. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. The difference this week was prices for two of the three fertilizers that were higher were up by a significant amount, which DTN … Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. All rights reserved. December 21, 2020. However, Dow Jones said fertilizer prices are expected to remain "subdued" compared to recent years because higher grain prices likely will support fertilizer demand. Among the items they will buy is fertilizer for the next growing season. Average retail fertilizer prices continued to be mixed the second week of October 2020, according to retailers surveyed by DTN. October 23, 2020 October 28, 2020 Fall is often a time when farmers think about pre-purchasing or putting down some fertilizer in order to save a buck and some time in advance of the coming year. 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Louisiana: 4 Parishes Designated Natural Disaster Areas to Hurricane Laura, USDA: FSA Quickly Implemented Crucial Programs Amid Challenging Year, 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, Male Weeds May Hold Key to Their Own Demise, 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. Overall, fertilizer prices peaked between 2012 and 2014, before trending lower. Figure 2. Not all fertilizer prices change each week. All other trademarks are the properties of their respective owners. Since 2004 our reports have been provided to fertilizer market professionals across the world. Please correct the following errors and try again: We've detected that you are using an unsupported browser. Fertilizer market prices –USD/t, average of publications 3Q19 3Q20 Change Comments Ammonia 209 181 -28 FOB Black Sea, 1 month lag Urea 255 224 -32 FOB Black Sea, 1 month lag CAN 222 180 -38 CIF Germany, 1 month lag Phosphate rock 85 80 -5 FOB North Africa, 1 month lag DAP 352 309 -43 FOB Morocco, 1 month lag Commercial and Subsidized Urea and NPK 15-15-15 Prices (October 2018) ..14 Figure 5. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business. Despite no fall fertilizer application season, Batie said in his operation he is set up to apply fertilizer quickly in the spring. Urea, 28% liquid nitrogen and potash are all down about 9%.” The one exception is DAP, which is […] 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, Majority of Fertilizer Prices Continue to Decline, Except for MAP, DAP. North Carolina Wheat: Post-Emergence Control of Italian Ryegrass – Video Midwest prices for diammonium phosphate, or DAP, jumped 29% in the third quarter, the most since 2010, according to a Green Markets index. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). Phosphate DAP prices jumped 23% in 3rd quarter of 2020, supported by strong demand from key crop-growing regions. According to Rabobank, prices across the global fertilizer complex have climbed off ten-year lows during the second half of 2020, primarily supported by improved demand in several major geographies. Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne Now is a good time to buy phosphate fertilizer, say industry experts. New Dicamba Labels Mandate Adding Volatility Reducing Agent OMAHA (DTN) -- Retail fertilizer prices were higher across the board for the third week of December 2020. Corn: HELM Agro Granted EPA Approval for Katagon Herbicide In the case of phosphates, barring another record-breaking wet spring, we see no way that prices can be sustained at the level seen at the end of 2019, and if the past is any guide, they will snap back sharply. 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