Critical fertilizer data and news from Green Markets: the trusted resource for the global fertilizer industry The insight you need on the fertilizer industry including current fertilizer prices, local fertilizer market reports, and more. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Potential global fertilizer supply is … Global nitrogen fertilizer prices year-to-date are trading lower than last year's average. OWMzNzgyYzg5YWEzNjk0MWYzNWE1MDM3YWQzYTFkOGY1YmE1OGY1YTEzODY3 ZGJjNmMxZjk5MGRjNWNkNmUxYWQ4ZWZhMDhkZjU4NjI3MzVhYmEwMzQyNWJh Profercy provides comprehensive expert analysis of global fertilizer markets, prices and trends. Russ Quinn can be reached at russ.quinn@dtn.com. Argus produces the most comprehensive suite of pricing and market intelligence services available to the fertilizer industry. The fertilizer industry was heavily challenged in 2016. India needs between 9 mmt to 11 mmt of urea annually. Generated by Wordfence at Thu, 24 Dec 2020 21:51:28 GMT.Your computer's time: document.write(new Date().toUTCString());. MmZkMTcyMGEwM2E3NjgwYzlmNGJiYTllOTFjM2NkZTk3ZGYwZjg5YzVjMmE4 Ammonia imports demand took a hit in Q2 of 2020 with COVID-19 shutdowns, but ramped back up through the summer, thanks to increased industrial demand. However, expectations should be tempered as the supply glut lingers, she said. It is expected to grow at a compound annual growth rate (CAGR) of 7% and reach $70.62 billion by 2023. km) Rural land area where elevation is … ** Illinois Production Cost Report (Bi-weekly) Production costs items state wide: cash prices bulk, FOB distributor, per ton unless otherwise stated. Lower natural gas prices, COVID-19 shutdowns, industrial shutdowns affecting ammonia and urea demand, and global oversupply of UAN have all combined to factor into these lower prices, she said. NzVmNTY0NGJlNDk0ZjI4MzQyNDA1ZmQyOGMxY2RiMDEwYzQzMWY3YjNkNTY5 MjIyNGE5YjU2YzliNDEzOTUxOTJhMjg4ZDVmMjI5YWE1MTMxYmFmNzk5NGNm U.S. exports have declined during 2020 while imports also show signs of decline in 2021. ZTgyZTFlYTFlMTU3ZWY3MTdiNWQwYjY3NjZjNTAyNTlkM2ZkODFkNjVhMmEw Both projects have been delayed and could be finished in Q1 2021, she said. MjIyMTdjZWY5NmY1ZDA4NzhhODUzODY0NWUxMWFjOTZhZGU5MWRlZDNhYWE4 Even with new domestic production in the coming years, expect the nation to remain a nitrogen importer, she said. Global nitrogen fertilizer prices year-to-date are trading lower than last year’s average. Brazil and India have been driving the global urea market in 2020. Global natural gas prices could improve some in 2021, she added. ODI2MjAzNTE5M2E5YjcwZDdjN2M3ZmVjM2UzMmE3M2Q3YWY2Mzc0YWY1NmQ3 Two new, major urea plants will come online in 2021, Maxwell said. Prices rose in June and July and Chinese urea manufacturers sent product to ports and exported in September. Nzk0NDRhNzgxMjU0ZjU1N2FiMTQ3NGIxMmFmM2Y0MmI0Y2FlM2NmOGQzMWE4 Y2Y3MzY3MTk4OTJiYzBkZTYyNGY4Y2JjNWVjNjkwOTU4NzA2NDJiZWM4YTUz ZTgwM2MyMzg4ZTNlYTFkMDc0MmQ1Y2FkYmQ3Y2FjYmJkNDlmMGY1MWY0MjE2 Prices at the key phosphate global market in Tampa are currently at $440 per tonne, up from just over $400 per tonne in January. Last year, China exported 4.9 mmt of urea, while this year they are tracking down about 9% of last year’s levels through September. “More affordable crop nutrients and better corn prices hint at increased agricultural chemical spending in 2021,” Maxwell said. If you believe Wordfence should be allowing you access to this site, please let them know using the steps below so they can investigate why this is happening. YjIxMDMwMmNjY2QxYzVmZDQxNmZiMDFlMzljODFjMmU3ZDg5ZmI0MDRiMjhi The global fertilizer market is expected to value at US$155.8 billion in 2019, and it is expected to register a CAGR of 3.8% during the forecast period (2019-2024). U.S. ammonia export trade will continue to grow, primarily in the off-season, while imports continue to decline. Fertilizer producers are next in line to benefit from rising crop prices, with farmers poised to plant more acres in 2021. Erisman et al. Fertilizer Market Pricing and News Green Markets ongoing coverage delivers: Green Markets serves the global fertilizer value chain: Fertilizer and Chemical Manufacturers Traders, Wholesalers and Distributors Retailers and Growers Agronomists, and Crop Advisors Transportation Agri-Equipment and Services Learn More >> Select fertilizer … NWJiNWJiZjdhNTIzM2EwY2M4YjcxZGE3MzUyYzM4ZTVhMTBhMzA2YTk4OGUw eyJtZXNzYWdlIjoiZmEwNGE2NGRkZDI4NDU0NDVhNGZhMGQxNTBiZjRhYjkw Global fertilizer … At the top of India’s priority list for fertilizer is opening seven urea producing operations. OWExZDk3OWU5N2NlN2ViNmZiMjQ2NWE3MmM1MGE1ZTQyMzlhZmRjYjJlODIy Fertilizer farm prices and indices of wholesale fertilizer prices … The World Bank’s Fertilizer Price Index is expected to rise 2 percent in 2019, following a projected increase of 9 percent in 2018. Brazilian urea imports are forecasted to be at 6.5 mmt for 2020 while India urea imports are forecasted to be near 10.5 mmt. YmIwMmM2ZjhhOGM4OGU0ZDk0ZGNhZWE3YjdiMzg4ZGNmZmFkNWRmMjA1NzY3 YmRhNDcwM2NmMjM4ZTEzM2RmNjMzMGVlMmNiMjM0YTk0Yjg0ODdhNWY3YThm ADVERTISEMENT NWI3MjRhMjgwN2EwODA0YjUwMTVkMTNkMTgyYTVjOTNmZWIwZDdkNzY3MGMz At the other end of the nitrogen value chain, the global nitrogen market saw unusual stability for global prices. This additional cash flow for fall fertilizer decisions should allow farmers to increase spending on ag chemicals in 2021, she said. 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New additions that were expected in 2020 will mostly likely be pushed back into 2021. 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 … Global Fertilizer Outlook - 3. Environmental and agriculture worker groups filed opening briefs in a lawsuit challenging EPA’s approval of glyphosate’s registration. NOAA Seasonal Drought Outlook – Dec., Jan., Feb. 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MGI0YTI5MzQwOTk0MzdhM2YyMGI4ZmM3ZTM0NWE2NmM1ZWY5NmYzYWFlMDZj “Next year we expect around 4 mmt of urea capacity to come online in lower-cost regions like Africa and India, so Chinese prices and exports will have less of an impact on setting the global annual average if all plants come online in 2021,” she said. The input cost curve for nitrogen producers is still expected to be mainly lower for 2020 due to halving the price of oil, declining natural gas prices and a rise in Chinese coal prices. Global fertilizer prices & market analysis. YmVkMTcyMzQzOTU1MWQ5MzEwOWExNWM3YWVmZGIxNDM0OGNhNTU1MjQwMzcx Accurate price discovery across 150 key active price benchmarks as well as current information for global fertilizer markets across the core nutrients: Ammonia, Urea, Nitrates, Phosphates, Potash, … ... Rahm said he believes there is enough data to support seeing a turnaround in potash prices in 2020. Maxwell said despite new nitrogen production capacity in recent years, the U.S. is expected to remain dependent in importing nitrogen through the 5-year outlook. YTAzZTY5ZDNhZWEzNjFhNDllZDM3YThlNmU3OTVmZjQwZDJmOCJ9 Nitrogen fertilizer is subject to many global … Longer term, this situation should increase production, which saw a decrease in recent years. However, supply growth will be most evident in India in the next three to five years as the nation pushes toward self-sufficiency in many industries, Maxwell said. GX_GR210 Springfield, IL Thu, Dec 17, 2020 USDA-IL Dept of Ag Market News ***This report is a combination of fall and spring prepay prices. With urea prices rising because of increased buying from India, Chinese operating rates began to climb. CRU predicts the price will fall to the US$220 per tonne mark by mid-year. The U.S. UAN market is at a contrast to the ammonia and urea markets, she noted. ZmJkOTRkMWUxZWQyNzA1MWRhZTBmN2JjNjJhZjZiYzgwZDUyYjQzMGI3OWIy He concluded that 40 percent of the global population in 2000 were dependent on food production from synthetic fertilizers. Global fertilizer price reports enabling you to focus in on your key market and set prices, negotiate confidently, mitigate risk and deploy and invest budget more accurately. Global fertilizer price reports … ZmViM2RiNDYzMzNjNmMzYjlmYjAyMTE1MjM4NGRkMzQ4M2UyNzljZTQ5MWY3 YTgwODM5ZmU1ZWEyMGUzNjUwNDBkYzU1NDRkMTk2YzJjYjlkZmU2YzNlM2Nm -----END REPORT-----. Global Fertilizer Prices As prices for agricultural commodities increase, demand for fertilizer also rises as agricultural producers respond by increasing production. ZTVkYmVhNTU4ZDNiNmQ4ZWQxYmY3OTdmY2E5YjZkYjM5YjVlZGQ4MGQ2YWM4 Green Markets is estimating ammonia capacity growth at about 2 mmt and urea capacity additions of 5 mmt after 2020, which saw almost no additions. WORLD N PRICES … Global price indicators for fertilizers are near ten-year lows due to the falling cost of raw materials, growing production capacity, and low demand. ODJiMmIiLCJzaWduYXR1cmUiOiI3ZDJhNWNkYjE3YjRlNWE2N2E5NjYzM2U0 Romania is also set to resume some previously high cost urea production after several years of almost no production, she said. Lower natural gas prices, COVID-19 shutdowns, industrial shutdowns affecting ammonia and urea … Yjg3YjAyYjcwNDRiNTM5ODE3NzVjYTJiNDRiODMzMzZiYjBiNzhjYmY1MGM1 These new projects are expected to add 8.8 mmt of urea capacity in India. Maxwell said capacity growth did not see much new additions in 2020 because of the pandemic. 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. YmIyYzhjODQxYTRjNzUxODViYjM0ZmE4NjMyOWY4ZjBjNWE4ODM2Yjg4ODRk N2ZjNzkwYzg0OGZkNmFhNDVlMGZlZTRlMTVhMDNmYWZkMjAzYTM4N2U3N2Y2 This combination created high uncertainty in the fertilizer … The key global urea market in the Middle East currently has urea priced at US$250 per tonne. -----BEGIN REPORT----- More affordable fertilizer prices began in 2018, Maxwell said. ZjJhNzYwMjRiMTkwMTMzOWRlY2U3NTc3ZjIwMTZlMzRlMjlkMDE4NTNiZWE5 A good example is the Ukraine, which will export about 1.5 million metric tons (mmt) of urea this year. This is driven primary by the acreage forecast of nearly 250 million acres of crops each year. 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. More affordable fertilizer prices began in 2018, Maxwell said. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global … ODE1MTc2OTYzMzEyNWU5Y2RkM2IyNzI2ZTMwNjFjN2M3NThmMzgxNTY0MWM4 The U.S. urea market is similar to ammonia, with less imports and more exports. ZDRjZDBmMzJhOWQ2YzIwNGM1ZjUwZGQ2MjdiYjI0MDUwYzUxMWE3MTdjODM4 For over 40 years Green Markets provides objective, unbiased fertilizer … China, Morocco and South Korea claim 20% of all global ammonia imports and China and Morocco have seen some import demand recovery, she noted. NTM1ODIxNWRmNTlkZTEyYWZiNmQwM2JhNjg3OWUyNWIxNTMxZTg3Y2NmN2Jj Fertilizer. Presentations were made on the short-term market outlook at the recent 2020 T3 Virtual Fertilizer Conference — Trends, Technology and Transportation, put on by The Fertilizer Institute (TFI). GreenMarkets Research Director Alexis Maxwell gave the nitrogen market outlook. OGEyZTlkNzA5ZGNiYWE5ZTY1MjBmYjIxZjNiMGJmM2QwYmYyZjBlOTk5ZmJk (2012) have since updated these estimates to the year 2008, … OGIzYTE5YTgwYjc4Zjc5Zjg1ZjBmMmZmZmU2ZmU2NmMyOWU3YzdjZjU3NzQ4 Meanwhile, China will ramp up urea production when the price is right, she said. This is an increase of about 1 mmt from last year. No two years are the same, and the factors that drove the extremes we saw in 2019 can just as easily reverse in 2020 — many times. Fertilizer consumption (% of fertilizer production) Agricultural land (% of land area) Forest area (% of land area) Cereal production (metric tons) Agricultural land (sq. Navigate uncertainty using our current market information and price discovery tools, and medium- or long-term market outlooks, to make informed investment and planning decisions. 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 … ZGYwMGViYWFmYjM0NTM0YTVjZTNmZjcyNGM1NGZjYTc4YmFmMzc0NGQ2OTBi ODcyODJiMjhiNDEwNjY1ZTA5MTY1MTE3NGRmNjVmMGE0NGRkMzVjYjEzYTFm The global demand for non-fertilizer use of nutrients (N, P 2 O 5 and K 2 O) for 2015, and the forecast for global demand for non-fertilizer use of nutrients for 2016 to 2020 are summarized in Table 3. In 2018, Asia-Pacific was … In 2019/2020, the total global demand for fertilizers is expected to reach some 184.4 million metric tons. As of 2020, increasing crop prices lead to increased fertilizer demands and has … ZGY5OThiZTQ3MGVmOGZlMDljYTEyOGM1MzQ0ZmJkYTM2MGYxZjUyYzM2YjA2 “New production is aimed at reducing India’s urea import dependence; last year, the value of imports was over $3 billion and is expected to exceed that level this year,” Maxwell said. Fertilizer … NjNiMTc0Y2QyMDcyNTQ4NDFhN2Q4Nzk1ZmEyYTgxYzQ3NmU3ZGQ1MTMxNmE2 Supply growth slows in 2023 and 2024 at levels below annual urea demand growth, she said. 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. Total non-fertilizer … MDhlMmRmZTFlM2ZiOGE3N2Y2M2Q5OGJhZDYwZTFmNjgwN2I3ZGZjNjA0MWU4 The nutrient affordability ratio is a weighted average of futures crop prices against global fertilizer prices. 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This new conference replaced TFI’s Fertilizer Outlook and Technology Conference, as well as the North America Fertilizer Transportation Conference. It was confronted with uneven global nutrient demand, soft economic prospects, depressing crop prices, rising market competition, and volatile energy prices. ODgyN2EwZTYzZWMyMzlkMGNhMDc3OTVkMjczNWJkNGFjNjkxOTY2NDhhZmJl Since 2004 our reports have been provided to fertilizer market … ZjNmMDFhMDA1Y2E2YzliNWUzZjU5NjUxNTQ2OWQzYWI2ZjNlNTA4NzNkOTE4 N2VhNTJiZDE5YzIzZTI2MzhmNTRlYTQ3ZmU5YzAxYTMzYzhjZjQ0Yzk3ZDM2 “More affordable crop nutrients and better corn prices hint at increased agricultural chemical spending in 2021,” Maxwell said. OWZjZDRmNDRiNTY1ZDM1ZWFiNzMxNzhiNzk1YjQ4MTVkZjkxNTA3ZTdhZTZj Rabobank expects little upside over the next six months in its ‘Semi-Annual Global Fertilizer Outlook.’ #fertilizer … Your access to this site was blocked by Wordfence, a security provider, who protects sites from malicious activity. Nigeria and India are both set to see plants add an additional 1.3 mmt tons to each country’s capacity. Despite the deepest recession since World War II caused by the COVID-19 pandemic, this sharp decline did not translate across to agricultural commodities, she said. ZjIzZGY3ZjdmN2RiMzIzZTI1Nzg1NzYwNGZkYmE5ZmRlNDAxMTAyNWI5NTQx While new global nitrogen supply projects are being pushed back into next year because of the COVID-19 pandemic, nitrogen supply and demand appear to be well-balanced. The index rose 8 percent in the third quarter of 2018 (q/q) on high … A nearly 30% rise in crop prices has allowed crop nutrients to become more affordable. The global nitrogen fertilizers market was worth $ 54.61 billion in 2019. All major agricultural commodities rebounded from the second quarter in 2020 and are now at about 2019 price levels. With world crop prices on the rise, fertilizer should be more affordable in 2021 and farmers could be willing to spend more money for inputs, according to fertilizer analysts. Additional capacity in 2022 will come from India plants, as well as further expansions in Nigeria and Russia. Key facts about the global fertilizer market. Prices have been on the rise for phosphate due to new capacity coming … The share of planted crop acreage receiving fertilizer, and fertilizer applications per receiving acre (by nutrient), are presented for the major producing States for corn, cotton, soybeans, and wheat (data on nutrient consumption by crop start in 1964). Show signs of decline in 2021, she said expected in 2020 and are now at about 2019 price.! An additional 1.3 mmt tons to each country ’ s priority list for fertilizer is seven. To each country ’ s fertilizer Outlook - 3 the price will to. Enough data to support seeing a turnaround in potash prices in 2020 and are now at about 2019 levels! 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