But the market has taken a new turn during the second half of this year, with prices across the global fertiliser complex moving back towards the 10-year average. For growers, the good news is that we expect heavy supplies and growing production capacity will continue to weigh on prices across the global nutrient complex. Urea Monthly Price - Australian Dollar per Metric Ton. In case of urea, the government fixes the maximum retail price. Not all features of DTN / The Progressive Farmer may function as expected. The price for urea for the first five months of this year held around $440/tonne, but in the past six weeks it has been rising about $10/t per week to now be around $500/t. 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. MAP had an average price of $433/ton. May 2020 - Nov 2020: 91.750 (22.70 %) Line Chart. The company pulled out of a deal to sell its Asia Pacific fertilizer business amid the uncertainty created by the coronavirus, according to Dow Jones on Monday. DAP has an average price of $410/ton, potash $370/ton, urea $384/ton, 10-34-0 $468/ton, anhydrous $492/ton, UAN28 $236/ton and UAN32 $279/ton. Global fertiliser benchmarks bottomed-out at, or near, 10-year lows. Author: Richard Ewing. © 2021 DTN, all rights reserved. Nationally, urea sales were 26 per … Retail fertilizers are now all lower in price from a year ago. Range. In 2021, this is expected to be particularly the case for urea. In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. The most dominant application sector is the fertilizer segment, accounting for over 80% of the global consumption of urea. The 2020 and 2021 urea price revisions reflect weak short-term demand due to the coronavirus shock and the Chinese authorities' continued efforts to address over-application of nitrogen fertilisers in the country. New Delhi: The government on Monday decided to extend the duration of the New Urea Policy from April 1 this year till further orders to ensure smooth supply of nutrients to farmers. "We've seen this already in the 2018-19 financial year, P use dropped just 0.3 per cent for Australia but urea (the major nitrogen fertiliser) was down around 5pc," Mr Lefroy said. May 2020 - Nov 2020: 27.578 (8.89 %) Line Chart. The demand is expected to grow at a CAGR of 2% between 2021 and 2026. Seven fertilizers were slightly higher in price compared to last month. River, Increase yields and savings with precision weather. While we expect global fertiliser prices to remain favourable for Australian producers, one factor chewing into importers' purchasing power will be a relatively weak Australian Dollar. Prices are subject to change at any time. tonnes with … Nationally, urea sales were 26 per cent higher year-on-year during the first half of 2020. Carbon tax on energy, fertiliser to ease urea subsidy burden, says study In the study that has been published in the journal, Energy Policy, researchers studied the consumption and production trends of natural gas in India and the effect of depletion of domestically-produced natural gas on the economy and environment. The ongoing impacts of COVID-19 also need to be considered in the year ahead. Grain growers enjoy lower fertiliser prices but global conditions remain somewhat volatile, Wes Lefroy, Rabobank agricultural analyst. Despite border confusions, northern NSW buyers made their presence felt, online and in person, at the first Wodonga weaner sale of 2021 on Tuesday. UREA MARKET FORECAST IN AUSTRALIA TO 2024 7.1. Considering how fast the situation has changed with the pandemic, the demise of this deal will probably not be the only change of plans by fertilizer businesses in the coming weeks and months. Grow your production, efficiencies, and profitability. This single tender was larger than Australia’s total urea imports from January to August this year, and at 2.1 million tonnes, this was a record amount. The resilience of local and global fertiliser supply chains to the impacts of the global pandemic this year have been something to celebrate. Updated Date: April 23, 2020 13:38:39 IST The price increase partly reflected higher input costs, especially energy, as prices of several energy benchmarks have doubled since May. For China, there is an extensive coverage of export, ex-works and ex-warehouse prices, and the Europe report concentrates on spot prilled and granular grades in Yuzhny, Baltic, Middle East and northwest Europe, while the US has spot quotes for the US Gulf and Arab Gulf. 59335 Weaner heifers attracted plenty of spirited competition and topped at $1730. Landowners seek compensation from the United States government for hundreds of farmers as a result of repeated floods in the Missouri River... OMAHA (DTN) -- Retail fertilizer prices continued to be mostly higher the second week of April 2020, according to retailers surveyed by DTN. Both DAP and MAP are 19% lower, anhydrous is 17% less expensive, UAN28 is 13% lower, UAN32 is 12% less expensive, both potash and urea are 5% lower and 10-34-0 is 3% less expensive from last year at this time. This will affect the upper end of the global urea cost curve in 2022-2025. So on the demand side, the fertiliser market has been reasonably resilient in 2020 thanks to bumper crops … Prices of anthracite and bituminous coal, the main urea feedstock in China, have risen in recent months. In 2019, 86 per cent of urea sold was imported, along with 79 per cent of mono-ammonium phosphate (MAP) and 100 per cent of Muriate of Potash (MOP). We expect prices for anthracite and bituminous coal, main feedstocks for most high-cost Chinese urea producers and exporters, to continue to define a price floor for urea. On the supply side, current low prices may limit production from high-cost plants and new projects coming online. Connecting Livestock Buyers & Sellers: Your one-stop shop for livestock news, reports and sale listings. Russ Quinn can be reached at russ.quinn@dtn.com. 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