$ 559; March 2020; 13 pages; The report offers the most up-to-date industry data on the actual market situation, and future outlook of the market. However, prices of maize increased in most markets in March due to the strong seasonal … Mr O. This study examined the effect of farmers’ participation in the Government of Ghana fertilizer subsidy program on adoption of certified seeds among rice farmers in Northern Ghana. If the checkbook allows, one fertilizer cost-saving measure is to prepay at least a portion of your 2019 commercial fertilizer needs. Cost increases will end a string of yearly declines in fertilizer costs that began in 2012. Table 8: Apparent fertilizer 2use by product (MT) Product Ghana (2017) Kenya (2016) The phosphorous fertilizer price was $532/ton last week, and nine months ago the average price … The Ghana Exim Bank has given approval for funds for the development of the biggest poultry industry in the Akuapem South District of the Eastern Region. As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. In purchasing cocoa, COCOBOD sets the farm gate cocoa price in Ghana as a share of the net free-on-board price. Fertilizer prices have been moving higher in recent weeks. Experts: Growers expect fertilizer prices to be higher in 2019. Schnitkey does note that price declines could occur but that would run counter to historical price patterns. AFRICA Fertilizer Map 2019 by Antonella Harrison – antonella.l.harrison@gmail.com Africa’s population is set to rise 20% by 2030 from the current 1.2bn and Sub-Saharan Africa (SSA) is the region with the greatest food security risk as it has the highest projected increase in population. Mi, Akufo-Addo dissolves Cabinet, appoints caretaker ministers, Akufo-Addo’s legal team designate spokespersons for election, Happenings in the Aviation Industry the Week before Christma. Specifically, Knorr shares how India may have trouble paying Iran for Urea due to U.S. financial sanctions. Fertilizer consumption (% of fertilizer production) Agricultural land (% of land area) Forest area (% of land area) Cereal production (metric tons) Agricultural land (sq. Schnitkey, G. “Fertilizer Prices Higher for 2019 Crop.” farmdoc daily (8):178, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, September 25, 2018. Fertilizer prices declined 5.4 percent in the first quarter of 2019 after three consecutive quarterly increases, with urea and DAP (diammonium phosphate) prices experiencing significant price drops. Business News of Thursday, 26 September 2019 Source: ghananewsagency.org 2019-09-26 Vice President Dr Mahamudu Bawumia Vice President Dr Mahamudu Bawumia has directed Ghana Cocoa Board (COCOBOD) to purchase all fertilizers intended to be supplied to cocoa farmers locally next year since local fertilizer companies have the capacity to supply them. Knorr offers analysis on this list fertilizers: Read more of Knorr’s commentary at farmfutures.com. The next fertilizer with the largest difference was MAP. UAN – Despite limited demand costs followed the rest of the nitrogen complex. Schnitkey goes a step further and puts a per acre cost increase for corn and soybeans. “In terms of comparison with last year, we hope that this huge reduction in price for the farmer would encourage more farmers to apply fertilizers so that we can raise the productivity on the farms this year.”, Farmers upbeat about 50% reduction in production cost. The 2019 harvest included 2.7 million tonnes of maize ... fertilizers and extension services. Wa, Dec. 21, GNA – A research conducted by the Ghana Trades and Livelihoods Coalition (GTLC) in 2019 has shown that farmers’ trust in improved seeds supplied under the Planting for Food and Jobs (PFJs) programme dropped significantly. The Ghana Cocoa Board in 2019 suspended the free distribution of fertilizer to farmers as a measure against smuggling. Fertilizer price indexes (table 8) have been updated through 2018. A multivariate probit regression model was … As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. The phosphorous fertilizer had a retail price of $526/ton in May and $465/ton last week, so it … “Organic fertilizer will be GH¢15 flat. Schnitkey then proceeds to share price charts for Illinois growers for these fertilizers: He concludes with his outlook and commentary statements. At a Public Accounts Committee hearing on Monday, April 1, 2019. the Chief Executive for the Cocoa Board , Joseph Aidoo, told the committee that over the years a lot of the Cocoa fertilizer was smuggled outside Ghana to be sold. He believes it is prudent to assume cost increases of $15 per acre for corn and $5 per acre for soybeans. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. Self Fertilizing Corn is Closer Than You Think, China Develops New Solution for Pork Shortage, Farmers are Suffering and It’s Time to Take Action, China Makes First Major U.S. Pork Purchase in Two Years, Land of Lincoln Has New Dicamba Restrictions, Trump Signs Spending Bill – Some Wins for Ag, Rain Drenches Much of Midwest Prior to Harvest, Recognizing and Preventing Pinkeye in Cattle, To Till or Not to Till: What You Must Know When Making Tilling Decisions, Nutritional Needs for Lactating Beef Cattle. Government has reduced the prices of fertilizer by fifty percent.This according to government is to motivate farmers to increase crop yields and also pave way for more exports. What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. Fertilizer consumption (kilograms per hectare of arable land) in Ghana was 20.88 as of 2016. A farmer is paying only half of it, which amounts to Ghc57.50 pesewas.” Dr. Owusu Afriyie Akoto said. Need buy or sell Fertilizers in Kenya? So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Meanwhile farmers have welcomed the reduction in the prices of fertilizers. A research conducted by the Ghana Trades and Livelihoods Coalition (GTLC) in 2019 has shown that farmers’ trust in improved seeds supplied under … Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. Its highest value over the past 14 years was 34.76 in 2012, while its lowest value was 3.75 in 2002. Furthermore, prices are likely to continue higher for the 2019 season. The inability to pay and thus source this material, acts as a squeeze on supply, therefore driving prices higher. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. Higher fertilizer prices then lead to higher fertilizer costs. The Ghana Cocoa Board in 2019 suspended the free distribution of fertilizer to farmers as a measure against smuggling. The Ministry of Food and Agriculture revealed that the price of compound fertilizer (NPK) which was GH¢85 in 2016, is now selling at GH¢ 57.50 pesewas. $ 559; March 2020; 13 pages; The report offers the most up-to-date industry data on the actual market situation, and future outlook of the market. The industry report Agricultural and Forestry Machine Market in Ghana to 2019 - Market Size, Development, and Forecasts offers the most up-to-date market data on the actual market situation, and future outlook for agricultural and forestry machines in Ghana. ... and 2019 prices were affected. To match demand, food production will need to almost triple and this […] FEATURED: Live Updates: Ghanaians Go To The Polls... Government has reduced the prices of fertilizer by fifty percent. In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted … The fertilizer with the least price difference in the past year was MAP. A research conducted by the Ghana Trades and Livelihoods Coalition (GTLC) in 2019 has shown that farmers' trust in improved seeds supplied under the Planting for Food and Jobs (PFJs) programme dropped significantly. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. This was in addition to a notable upward swing over the previous several weeks. Ammonia – October contracts at the Gulf settled $23 higher, matching a 4 year high. The cost to the government is Ghc115 per bag of 50kg for NPK which is the most common form of fertilizer. Also, Quinn’s piece includes a 8-year price chart for retail anhydrous. The Ministry also revealed that the price of urea is currently selling at GH¢47.50 pesewas instead of the GH¢80 it was previously been sold at. Government has announced a new producer price of cocoa for the 2019/2020 crop season from GH¢7,640 to GH¢8,240 per tonne. Planning for next growing season begins with penciling out likely financial scenarios. This $41/lt increase added about $15 to the cost of producing a ton of DAP. Ag Nook did write that “Self Fertilizing Corn is Closer Than You Think“, but such hybrids for 2019 aren’t likely to be available. Phosphates – Mixed last week but have bullish momentum. Raw material cost pressure also added support to phosphate fertilizer prices. One difference, however, is that only one price dropped significantly, which DTN considers a price change of 5% or more. maximize fertilizer use efficiency (Goh et al., 1999a; Goh et al,, 2003b). This according to government is to motivate farmers to increase crop yields and also pave way for more exports. Tel: +233 234-972-832 or +1-508-812-0505 Contact us: [email protected] Brent crude oil prices recently reached $80 per barrel, the highest level since 2014.”. 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). If the maize price goes up with a mere R250 per tonne (R2 … Specifically, China’s “fertilizer production is on the decline, according to Rabobank’s September China Food & Agribusiness Monthly report.” Again with less supply, comes higher prices. This should be helpful as growers pencil out their 2019 financial scenarios. “The fertilizer was taking about forty-five and in some cases sixty percent of the cost of production. Additionally, if you are planning a fall fertilizer application, “Avoid The Top 3 Fall Fertilizer Mistakes“. 6 hours ago, RE: Confirmed, NPP is minority and NDC is majority in parlia, Fire outbreaks in Kumasi destroys properties, Tanchara Koro community members arrest 18 'galamsey' operato, The friends you keep will affect your breakthrough — Rev. During the 1970s fertilizer consumption increased ten-fold with a peak of about 31 000 tonnes total nutrient in 1977. The cost to the government is Ghc115 per bag of 50kg for NPK which is the most common form of fertilizer. Knorr anticipates higher retail prices for October as wholesale prices move higher. Jiji.co.ke is the best FREE marketplace in Kenya! The index rose 8 percent in the third quarter of 2018 (q/q) on high energy costs and tight supplies and was more than 18 percent higher than 2017Q3. Africa Fertilizers market is projected to grow at a CAGR of 5.1% during the forecast period (2020-2025). The target is expected to reach 1.5 million farmers by the end of 2020. –By: Jessica Ayorkor Aryee/Pius Amihere Eduku/citibusinessnews.com/Ghana, Fire outbreaks in Kumasi destroys properties Furthermore, he notes: “Fertilizer prices are highly correlated with energy costs. Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. The benchmark code of federal regulations (cfr) Tampa sulfur price rose from an average of $82 per long ton in 2017 to $123/long ton (lt) in 2018. This price setting regime enables COCOBOD to have working capital to stabilize the farm gate price and carry out its mandate. Fertilizer data collection in Africa is inconsistent, with specific detail available for some countries but not available for others. World demand for total fertilizer nutrients is estimated to grow at 1.6 percent per annum from 2015 to 2019. News Ghana is Ghana's leading online news portal for business in West Africa and around the World. km) Rural land area where elevation is below 5 meters (% of total land area) Food production index (2004-2006 = 100) The FAO Fertilizer Programme was very active in Ghana and this probably contributed to the increase. The President of the Ghana Agricultural Chamber of Commerce, Philip Abayori also tells Citi Business News the reduction should help farmers save up to fifty percent of operational cost. The… Business News of Wednesday, 14 August 2019. Aggregate data on fertilizer consumption and use must be … At least for the moment, energy prices are at low levels and this, too, has a significant impact on fertilizer production and supply. Current retail prices of major fertilisers like Diammonium phosphate (DAP) are 17% less at Rs 1,200-1,250 per bag of 50 kg than the 2019 kharif season prices. The World Bank’s Fertilizer Price Index is projected to recover and gain 4.8 percent in 2019, according to the latest Commodity Markets Outlook. Menjo said there may be shortages. Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. Discover a great selection of Soils, Fertilizers & Mulches at the best prices Best prices in Kenya Pay Online or Cash On Delivery. World demand for total fertilizer nutrients is estimated to grow at 1.6 percent per annum from 2015 to 2019. The Ministry of Food and Agriculture revealed that the price of compound fertilizer (NPK) which was GH¢85 in 2016, is now selling at GH¢ 57.50 pesewas. The oil market has experienced similar challenges. Ammonium Sulphate Fertilizer Price - Select 2021 high quality Ammonium Sulphate Fertilizer Price products in best price from certified Chinese Ammonium Sulphate Powder manufacturers, Ammonium Chloride Fertilizer suppliers, wholesalers and factory on Made-in-China.com Potash prices have also declined (-5%). Price Lower in 2020. All trademarks and copyrights on this page are owned by their respective owners. Quinn also mentions an international factor, this one from China. Fertilizer prices continue to erode, but the pace of decline slowed, according to retailers tracked by DTN for the second week of September 2019. A survey conducted in 2017 showed CIS received by farmers enabled them to make mixed strategic decisions on crop variety selection, time of planting, time of applying fertilizer, time of irrigating, time of harvesting etc. In the same vein as both Quinn and Knorr, Schnitkey anticipates that current fertilizer price increases signal higher 2019 fertilizer costs. the fertilizer market in West Africa is relatively competitive (more than ten importers share the market in each country except Mali, where the market is clearly oligopolistic), most importers aim to optimize their logistics costs with different strategies, depending on both their financing He said Ghana and Cote d’Ivoire had agreed to have a stake in determining the Floor Price of Cocoa on the world market and pay income differential to cocoa farmers, starting October in 2020/2021 Cocoa Season. Source: Ghana Crusader 2019-08-14 Cocoa farmers reject proposed price of GHC8,000 per tonne Assume cost increases of $15 per acre for corn and $5 per acre for soybeans as you pencil out crop plans for 2019. Urea – Up $4 at the Gulf. Lower fertilizer prices were an important source of crop budget improvements as commodity prices … There has been a ... price of U.S. $280/mt reaches Greater Accra (GA) warehouses at U.S. $395/mt bagged, a port cost of U.S. $115/mt, or +41%. Potash is 5% higher, 10-34-0 is 8% more expensive, UAN32 is 12% higher, UAN28 is 13% more expensive, both MAP and DAP are now 15% higher and both anhydrous and urea are now 23% more expensive compared to last year. The research showed that some of … A multistage sampling technique was used to obtain primary data from 543 rice farmers from three regions in Northern Ghana through questionnaire administration. Ghana: Cocoa Producer Price Up By 8.42 Percent - allAfrica.com … Higher fertilizer prices then lead to higher fertilizer costs. What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. However, this level still represented a low average rate of fertilizer … It’s the fifth consecutive week that the price of all eight fertilizers fell. Dan Quinn of DTN/PF recently reported on “DTN Retail Fertilizer Trends”, noting that all fertilizers moved higher in the third week of September. Subscribe to our newsletter for AgNook top stories each week! The average national price was lowest in Ghana (0.80 USD kg-1), Kenya (0.97 USD kg-1), and Nigeria (0.99 USD kg-1). In the week’s post, we review 2020 fertilizer prices and the trend of lower prices. According to industry sources, prices are expected to go up in 2019 if the exchange rate fluctuates and becomes unfavorable (Average Exchange Rate: USD1.00=GHS5.15). Fertilizer price index Strengthening demand Urea was most expensive in three landlocked countries (Burundi: 1.51, Uganda: 1.49, and Burkina Faso: 1.49 USD kg-1). This piece will explore the recent fertilizer market direction, experts opinions on the likely market direction in 2019, and what impact it will have on grower input costs in 2019. Potash – Trading at highest levels since 2015. In the U.S., all eight of the major fertilizers are now higher compared to last year with prices shifting higher in recent months. Self-Fertilizing Corn is Closer Than You Think. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. More than 20 best deals for sale Buy Fertilizers online If the checkbook allows, one fertilizer cost-saving measure is to prepay at least a portion of your 2019 commercial fertilizer needs. The World Bank’s Fertilizer Price Index is expected to rise 2 percent in 2019, following a projected increase of 9 percent in 2018. List of Fertilizers companies and services in Ghana. He added that organic fertilizers, which come in as liquid, were sold at GHC20.00, granular (25kg) GHC 46.00, and Compost (50kg) GHC 20.00. Quinn highlights that retail anhydrous is up 23% from this time a year ago. Announcing the reduction, Dr. Owusu Afriyie Akoto said the move is part of measures to enhance productivity in the agric sector. Bryce Knorr of Farm Futures is also tracking fertilizer price trends in his article titled, “Fertilzer Outlook – Iran Sanctions Unnerve Fertilizer Market”. This activity should include estimates on how much corn and soybean growers should assume fertilizers will cost. Table 1 clearly shows the impact the grain price and yields have on profitability. An increase of about five percent over the preceding year’s average price of GHS173.00. 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