anhydrous ammonia fertilizer price

Figure 1 shows the average prices of anhydrous ammonia, DAP, and potash in Illinois, as reported by the USDA, since January 2015. We are offering anhydrous ammonia of purity ranging Downstream fertilizer demand and consumption by chemicals users is expected to remain steady for the remainder of the year. Emerging spot interest from Turkey and China has not influenced prices. Estimated price was $185 per ton below the actual price in 2014, $203 per ton in 2015, and $103 per ton in 2016. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. Anhydrous ammonia hit its low of $400 per ton in late 2017. Relative Unit Nitrogen Prices, Urea/NH3, 28%/NH3. Reported Illinois Farm Diesel Fuel Price, Jan. 2010 – Mar. That said, anhydrous ammonia prices have fallen the most (-22%), while urea (-8%) and liquid 28% (-10%) have seen smaller adjustments. After anhydrous ammonia spent most of 2018 around $500 per ton, prices jumped to more than $600 per ton in early 2019. Only briefly, in late 2017, did prices fall to $400 per ton. From 1984 to 2013, actual and estimated ammonia prices follow each other, indicating that changes in anhydrous ammonia prices followed changes in corn and natural gas prices. Figure 4. Ammonia prices fell primarily due to lower natural gas costs. Anhydrous Ammonia Fertilizer vs. Our Nutrient Composite Index (NCI) firmed 2.10 points this week to 530.28. In September, the price ratio was 1.54, above the long-run average of 1.36. Data Source: USDA AMS and aei.ag Calculations. As 2020 comes into focus, fertilizer will likely be a great source of uncertainty and variability in crop budgets. Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system. While the ratio has moved in recent weeks by the large drop in anhydrous prices, it is never clear how the price ratio will adjust moving forward. Jan. 2015 – Sept. 2019. In early 2020, farm diesel prices were $2.50 per gallon before sliding to $2.25 per gallon by the end of February (figure 5). Data Source: USDA AMS. Figure 3. More broadly, 2020 will likely be the lowest corn fertilizer expense in more than 10 years. “From 2010 to 2019, global phosphate production has increased 11 million tons per year, from 60 million to 71 tons per year,” McLellan says. Fertilizer prices were mostly higher with the single exception of anhydrous ammonia. Right now, prices for urea, phosphate, and anhydrous ammonia (nitrogen) are inside the lower third of the five-year average price range. DAP prices increased slightly m/m. To file a complaint of discrimination, write: USDA, Office of the Assistance Secretary for Civil Rights, 400 Independence Avenue, SW, Washington, DC 20250-9410 or call (866) 632-9992 (Toll free Customer Service), (800) 877-8339 (Local or Federal relay), (866) 377-8642 (Relay voice users). Jan. 2015 – Sept. 2019. Figure 1. DAP prices are close to $70 per ton higher … of April – May) and Fall 2019. Jan. 2010 – Sept. 2019. Anhydrous ammonia prices, for example, are currently around $500 per ton, but were closer to $600 per ton last year. The $504 per ton price in 2016 results in a nitrogen fertilizer costs of $52.24 per acre. Anhydrous Ammonia. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). Demand for fertilizer typically dips in the fall, but nutrient prices have been driven lower than normal. Furthermore, corn production in 2012 and 2013 was being pulled by strong usage and higher prices (here and here). Jan. 2010- March 2020. Ammonia Prices NH3 commercial or fertilizer grade (99.5% minimum purity, maximum water content of 5000ppm); refrigeration grade (99.98% minimum purity, maximum content of 150ppm); and metallurgical grade (99.99% minimum purity, maximum water content of 33ppm). The prices have fallen to the lowest levels since April 2009. In most cases, fertilizer prices are at or near their lowest levels in more than a decade. Nitrogen. Prices are 27% higher than last year. Figure 4 shows how significantly fertilizer prices have adjusted during the farm economy slow-down. Nitrogen Nitrogen prices were mostly higher with anhydrous ammonia once again leading gains. As a result of anhydrous ammonia prices falling sharply in recent weeks, urea and 28% prices are historically high relatively to anhydrous. In those years, the estimated prices were below actual prices. This result, not surprisingly, is due in part to the sharp anhydrous ammonia price decline. Urea’s relative price (in blue) is an average of 1.22. Of course, many factors have changed since 2012 and 2013; expanded U.S. fertilizer production and lower energy prices being key. Our Nutrient Composite Index firmed 2.93 points to 606.18. Ammonia prices fell almost 34% from $475 per metric ton during the same week a year ago. Select Nitrogen Fertilizer Prices, Anhydrous Ammonia, Urea, Liquid (28%). Regional price assessments, published daily or weekly, enabling you to keep track of trading prices, understand price drivers/fluctuations and set a benchmark for contract price settl ements. Fertilizer prices per unit of actual N for select-ed fertilizers are shown in Figure 1. Second, the price ratios can adjust in two ways: anhydrous price could increase, or urea and 28% prices could decline. Will anhydrous prices in Illinois again jump above an average of $600 per ton. More information on our cookies. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. Will fertilizer prices go higher, again, at the prospects of even larger 2020 corn acreage? Only briefly, in … Winter Solstice Weather Outlook: Moisture Headed to the Southern Plains? Global Anhydrous Ammonia Fertilizer Market: Regional Analysis. If not the fertilizer producer has an economic incentive to sell the ammonia instead of producing urea. Select Fertilizer Prices, Anhydrous Ammonia, DAP, Potash. The urea price, adjusted for the relative nitrogen content, must reflect a sufficient margin above the ammonia price to cover the cash cost of upgrading the ammonia. The last time the U.S. planted more than 95 million acres of corn was in 2012 and 2013. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. – also impact producers’ decisions on which source to use. The Iowa Average Propane and Diesel Fuel Prices graph also shows a steady decline in farm diesel fuel prices to the current Iowa average price of $1.39, and propane price per gallon holding … The main application of Ammonia is in nitrogen fertilizers, followed by the synthesis of nitric acid. [1] Anhydrous ammonia was the assumed nitrogen fertilizer. Liquid (28%) Fertilizer (Two rates of each)-Corn Mick Minchow Private Industry Cooperator: Mike Williams-OBJECTIVE: To determine and document the profitability of anhydrous ammonia fertilizer versus Liquid (28 %) fertilizer at two application rates. By the end of March, the most recent data, prices fell to an average of $1.74 per gallon. Data Source: USDA AMS. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. This will be another improvement in 2020 crop budgets, but also a reflection of the challenges faced by renewable fuels. Data Source: USDA AMS. One of them will be the perspective of a 97 million-acre corn crop – one of the largest in modern history- with some of the lowest fertilizer prices in a decade. Speak to ICIS . This price advantage of anhydrous ammonia over urea can vary somewhat as shown … Select Reported Illinois Fertilizer Prices, Anhydrous Ammonia, DAP, Potash. A lot of bizarre things have and will occur in 2020. Across the board, lowered fertilizer prices are observed. You can also click here to visit the archive of articles – hundreds of them – and to browse by topic. We offer the following regional Ammonia analysis and news coverage to keep you informed of factors and developments affecting prices in the US Ammonia marketplace. Figure 4 shows the average spring expense of this fertilizer rate since 2010. Between 2011 and 2013, the example fertilizer rate had an expense of $160 per acre. Data Source: USDA AMS & aei.ag Calculations. Prices remained mostly unchanged until late summer. Also included is the expense using the average prices in September 2019. Urea prices increased m/m, particularly in the US Gulf, due to a decrease in Chinese exports and steady demand from India. As producers planned to expand corn acreage in 2019, fertilizer prices soared to the highest levels since 2015. CF dropped its river terminal prices at Cincinnati, St. Louis, and Mt. We deal in supply of Anhydrous Ammonia in Bulk in 40, 50, 60 Kg and 225 Kg cylinders. Illinois Production Cost Report (Bi-weekly) Production costs items state wide: cash prices bulk, FOB distributor, per ton unless otherwise stated. ProAg is an equal opportunity provider. The report includes country-wise and region-wise market size for the period 2015-2026. Product Offer Average Change Anhydrous ammonia 400.00-552.00 475.58 UP 25.08 Urea 46-0-0 350.00-375.00 365.00 UNCH Liquid Nitrogen 28% spread 192.00-245.00 221.93 UP 3.43 DAP(Diammonium … Learn more about this ‘A++’ (Superior) Ranked Insurer. While anhydrous ammonia is the highest price per ton, when we look at the Price/lb Nitrogen graph, you can see that anhydrous ammonia remains the cheapest price per pound of nitrogen. An ag economist says fertilizer prices have decreased significantly since spring with anhydrous ammonia leading the drop. Anhydrous ammonia is an efficient and widely used source of nitrogen fertilizer. Furthermore, current prices reflect the lowest fertilizer expense observed in more than a decade. Anhydrous ammonia was the sole decliner in our 12-state survey this week. Settings for cookies can be changed at any time within your browser. NOLA UAN 32% barge prices were reported at $165-$170/t FOB at the end of March, down $10 from late February. 2020. By 2017, this fell to $101 per acre. Another data set collected and reported by the USDA’s Illinois report are farm diesel fuel prices. Looking at the data over a longer time frame, figure 3 shows the prices of anhydrous ammonia, DAP, and potash since January 2010. Kansas fell $7.27 to lead declines with Minnesota and Illinois each off around 50 cents per short ton. Figure 2. This is large price swing. Anhydrous ammonia hit its low of $400 per ton in late 2017. Producers should also consider the relative cost of various nitrogen sources. 128 anhydrous ammonia fertilizer products are offered for sale by suppliers on Alibaba.com A wide variety of anhydrous ammonia fertilizer options are available to you, There are 2 suppliers who sells anhydrous ammonia fertilizer on Alibaba.com, mainly located in Asia. Anhydrous ammonia, which peaked at nearly $900 per ton in 2013, has spent considerable time in recent years around the current levels ($500 per ton). Fertilizer outlook Ammonia prices recovered last month, especially in Europe. Potash prices have also declined (-5%). Fertilizer prices dramatically increased last Spring. Figure 5. All forms of nitrogen fertilizers were at least 10% lower. In recent weeks, fertilizer prices have sharply declined. In accordance with Federal law and U.S. Department of Agriculture (USDA) civil rights regulations and policies, the USDA, its Agencies, offices, and employees, and institutions participating in or administering USDA programs are prohibited from discriminating on the basis of race, color, national origin, religion, sex, gender identity (including gender expression), sexual orientation, disability, age, marital status, family/parental status, income derived from a public assistance program, political beliefs, or reprisal or retaliation for prior civil rights activity, in any program or activity conducted or funded by USDA (not all bases apply to all programs). Anhydrous ammonia has a clear cost per unit advantage when considering only the nitrogen. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. In 2020, this example fertilizer rate would cost $95 per acre, a $20 per acre reduction from 2019 spring prices (-17.6%). This week’s post reviews the latest fertilizer price data. Reported Illinois Fertilizer Prices, April-May 2019 and March 2020. Rural Broadband Access Expanding; Major Gaps Remain, second-largest corn crop in modern history, Lower fertilizer expenses for corn production also limited soybeans’ appeal. Potash prices reached lows of $300 per ton in 2016. Global ammonia prices weakened in May as the market continued to suffer from oversupply. A colder winter and more corn plantings likely will lead to higher prices and vice versa. Potash prices reached lows of $300 per ton in 2016. Other factors – such as application costs, timeliness, logistics, etc. Phosphate (P) supplies are being aided by new technologies to extract previously unavailable phosphate. Full Privacy & Non-Discrimination Statements. The $10 per acre in nitrogen savings can vary. 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. Full Privacy & Non-Discrimination Statements. The increase from $400 per ton last fall to more than $500 per ton most recently is roughly a 25% increase ($100 increase on $400 per ton). More specifically, the sharp price decline in anhydrous ammonia warrants a look at relative prices. Fertilizer in granular form unless noted. Anhydrous ammonia is a highly effective fertilizer that helps farmers feed our growing population and replenish nutrients in the soil. Chart created by Agriculture Economic Insights. U.S. producers are positioned to plant the second-largest corn crop in modern history, but you wouldn’t notice by glancing at fertilizer prices. Figure 1. The costs savings for anhydrous ammonia then is $10.36 per acre. Since the 2016-2017 lows, prices have trended higher. A slowdown in global production combined with increasing demand in East Europe resulted in an upward price shift. Of course, not all nitrogen prices are equal. In the week’s post, we review 2020 fertilizer prices and the trend of lower prices. Date HS Code Description Origin Country Port of Discharge Unit Quantity Value (INR) Per Unit (INR) Nov 21 2016: 28141000: FULLY REFRIGERATED ANHYDROUS LIQUID AMMONIA [GOODS IMP BY USFOR MFG OF FERTILIZER) Annual Estimated Corn Fertilizer Expense (180-70-70), IL Spring Prices (Avg. Cattle on Feed Catch Up to 2019; Likely to Tighten in 2021, Prepare for Surging Feed Costs in 2021 — Economist, Holiday Wishes from the ProAg Team to Yours. Eastern Cornbelt: Prompt or fill ammonia tons were quoted at $340-$350/st FOB in the Eastern Cornbelt at mid-month, with fall prepay offers reported in the $385-$390/st FOB range. The Anhydrous Ammonia Fertilizer market is analysed and market size information is provided by regions (countries). Previously, the low of $97 per acre was observed in 2017. In other words, a pound of nitrogen from urea costs, on average, 1.22 times a pound from anhydrous ammonia. Our products. In most cases, fertilizer prices are at or near their lowest levels in more than a decade. In 2019, the spring price equated to an expense of $120 per acre – the highest since 2015 but well below 2011-2013 levels. U.S. Gulf/Tampa: The Tampa anhydrous ammonia price continued to be called $215/mt CFR, with the NOLA barge market quoted at $200/st FOB. In recent weeks, the price ratio reached an average of 1.39 in September, meaning urea prices are historically high relative to anhydrous ammonia. Finally, current DAP prices are nearly $400 per ton, the lowest prices observed since 2010. Since the 2016-2017 lows, prices have trended higher. Over time, they have followed a similar price trend, and all three products have seen prices fall from spring highs. Broadly speaking, prices reached their lows between 2016 and 2017. Price reporting. This compares to our 5-year average of 599.01 for this week. Source: David Widmar, Agricultural Economic Insights. Change in Reported Illinois Fertilizer Prices, March 2020 compared to April-May 2019. A member of the Tokio Marine HCC group of companies. Prices may rise eventually, though, due … P and K Supplies . In addition to internationally traded fertilizer prices, we provide extensive US inland fertilizer prices and coverage of Chinese inland prices. Pricing information. USDA data shows anhydrous ammonia prices in Illinois went from $500 per ton to $600 per ton at the beginning of 2019. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. ICIS offers reports on over 180 commodities across the global petrochemical, energy and fertilizer markets. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. The insurance products described by Producers Ag Insurance Group® and its subsidiaries (“ProAg®”) may not be a complete list of all products offered and may not be offered in all states. The top countries of supplier is China, from which the percentage of anhydrous ammonia fertilizer supply is 100% respectively. Click here to subscribe to AEI’s Weekly Insights email and receive our free, in-depth articles in your inbox every Monday morning. By continuing to use the site, you are agreeing to our use of cookies. Potash prices fell to $300 per ton in late 2016, while DAP nearly hit $400 per ton in early 2017. Lower fertilizer expenses for corn production also limited soybeans’ appeal in 2020. Fertilizer prices have fallen from their highs during the farm economy boom. Figure 3, which considers the price per pound of nitrogen applied, shows the prices of urea and liquid 28% relative to anhydrous ammonia. Anhydrous prices increased 6%, or $29/ton, from last month, with retail prices averaging $517/ton. The price relationship for liquid 28% (in red) has also jumped in recent weeks. The costs of 207 pounds of anhydrous ammonia is $41.88 per acre when a $404 per ton anhydrous ammonia price is used to represent 2017 prices. Vernon by $20 in March, bringing them to $190/t FOB. Data Source: USDA AMS. Two caveats are worth noting. There are positives and negatives for falling ammonia prices. USDA is an equal opportunity provider and employer. Data Source: USDA AMS. While prices are near – or at- their lower levels in a decade, it can be helpful to consider the implication on a per-acre basis. For a fertilizer application of 180-70-70, lower prices equate to a $20 per acre savings over spring 2019 prices. Estimated Corn Fertilizer Expense of a 180-70-70 Application of Fertilizer at Spring Prices, 2010 – March 2020. While demand from India increased at a … In recent weeks, fertilizer prices have sharply declined. Figure 2 shows the reported prices for anhydrous ammonia, urea, and liquid 28%. Longer-term, nitrogen fertilizer production capabilities mayl be increased, leading to downward pressure on nitrogen prices. Data Source: USDA AMS. Figure 4. To do this, we estimate the per acre expense of an example corn rate of 180-70-70 [1] using spring prices (Figure 4). Most recently, the average September prices were an expense of $99 per acre. Use the site, you are agreeing to our use of cookies $ 850 per to. Demand for fertilizer typically dips in the fall, but Nutrient prices have around! Associated with a 180-70-70 fertilizer rate 60 Kg and 225 Kg cylinders 190/t FOB set collected and reported by synthesis. Bulk in 40, 50, 60 Kg and 225 Kg cylinders a member of the Tokio HCC... 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