Indiankrishi
@IndianKRISHITo Promote & Protect Indian Farming & Farmers
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India's imports and production of #DAP are falling, while global prices are increasing. Farmers are turning more to #NPKs, #SSP, and #TSP. NPKs, which offer a balanced combination of #nitrogen, #phosphate, and #potassium, have long been a staple in Indian agriculture #fertilizer
In the global #DAP/#MAP market, sellers are seeking to push prices higher amid of a wave of tenders set to close this week. West of Suez, NOLA DAP barge prices increased further while MAP softened, as concerns over affordability continued to pervade the market #phosphate (2/3)
Last week's NFL #urea tender in India that may secure in excess of 1 Mt was taken by the market as largely bullish. Lowest offers at a $320-330/t FOB netback were deemed a positive for Middle East producers, which are expected to supply large volumes in the session (1/3)
NW Europe #ammonia prices breached $600/t for the first time in 2024 due to lower supply from Algeria, Saudi Arabia and other sources. #Potash markets held firm despite downwards pressure in Brazil (2/2)
#Fertilizer prices were firm last week. #Urea prices picked up following over 1 Mt of acceptances in the recent India tender. A wave of India #DAP tenders failed to conclude, with buyers resisting prices above $620/t (though they have since accepted high $630s/t CFR) (1/2)
Our chart of the week shows offshore #MOP exports from Canada climbing again #potash #fertilizer
Domestic Chinese #phosphate markets remained bearish, while US #MAP prices softened despite concerns over supply impacts from Hurricane Helene. #Sulphur prices still pushed higher in some regions, but the pace of increases has slowed (2/2) #fertilizer
The surprise India #urea tender triggered price increases last week as most October tonnes are already committed. Global #ammonia benchmarks remained firm amid some further increases in the West. India #DAP prices increased further on strong demand and tight availability (1/2)
The manufacturers reportedly charge extra for the fertilizers and compel the dealers to pick them up from a remote location, increasing costs that are then passed on to farmers. As a result, farmers end up paying significantly more for fertilizers like dia fertilizerdaily.com/20241004-india…
If the market wanted to say "eff the farmer", it would use this graph. Minneapolis New Crop Wheat vs NOLA MAP ratio as high as it has ever been (MAP data goes back to 2012). Oof...
"Why are nitrogen fertilizer prices not falling hard with grain right now?" It certainly doesn't help that China has basically shut off #urea exports for this calendar year...
U.S. Urea market opens the week on a steady note. Physical granular urea prices remained largely unchanged. August barges traded at $308-310/st FOB NOLA. September contracts saw slight upward movement to $312/st FOB NOLA. #urea #fertilizer #fertilizantes #gübre
Lot of hate on #fertilizer with prices appearing high. However, below are the comparisons against late March 2022 high values. NOLA Urea - 66% lower NOLA UAN - 67% lower Midwest NH3 - 45% lower NOLA DAP - 45% lower NOLA Potash - 68% lower What other input has fallen that much?
Our chart of the week shows increasing #sulphur prices receiving additional support from strong domestic demand in China
#Potash prices in Brazil declined while most other global spot markets were little changed. Some #sulphur benchmarks climbed as buyers in Indonesia, India and Brazil paid up on latest deals and pushed up Middle East netbacks. #Sulphuric acid was stable to higher (3/3)
#Ammonia West of Suez is supported by limited supply, while the market in the east is more balanced. In #phosphates, OCP and buyers in India are in talks over the sale of 100s of kt of DAP and TSP — low stocks are driving demand from India as global supply remains tight (2/3)
Our chart of the week shows the trend in #MOP volumes imported to India in recent years and their origins #potash #fertilizer
Fresh spot purchases of #sulphur by end users were scarce following a wave of activity in Indonesia, Brazil and India, which saw delivered prices jump. The latest Kuwait sales tender saw much higher FOBs. #Potash and #sulphuric acid prices were little changed (3/3) #fertilizer
#Ammonia west of Suez remains supported by limited availability amid potential for cargoes to arrive from the East, where availability is far stronger. Chinese ammonium #sulphate prices are expected to rebound given estimates of Brazil’s needs and approaching maintenance (2/3)
India's latest #urea import tender was confirmed last week closing 29 August, but the long shipment window was deemed bearish by the market and several benchmark prices declined. India also dominated #phosphate business with the latest DAP deals there up $30/t. (1/3)
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Ag Leader Technology
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Rural Voice
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Holly Spangler
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Greg Peterson
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ISU Crop News
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Nebraska Corn Growers Association
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Kansas Corn
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Sreedevi Devireddy 🇮🇳
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Agri Nation
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Minnesota Farm Bureau
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