. Farmer's Weekly is the oldest agricultural magazine in South Africa, serving as a mouthpiece for the agricultural industry and keeping readers informed. Farmers in … https://www.farmprogress.com/sites/all/themes/penton_subtheme_farmfutures/images/logos/footer.png. The fertiliser will be available next year for farmers supplying Walkers, and the manufacturer says the new technology will reduce its carbon dioxide emissions from growing potatoes by 70%. Grocery stores were the sole source of consumer safety during lockdown as their monthly sales increased 13.2% on the year. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. November 16 2020. Smallholder farmers in sub-Saharan Africa are, on average, using fertilisers at well-below recommended rates in their crop production. The U.S. Consumer Price Index (CPI) fell 0.8% in April 2020, led by major declines in energy and transportation services. fertiliser prices Follow on My Journal. Cabinet to decide livestock exports future. The index is updated on a weekly basis at the time of publication ofGreen Markets. The index has a starting date of January 7, 2002 and an associated starting value of 100. Killer cows, cereal varieties, red meat revival, mobile phone offences, & pizza with the Henry Plumb Foundation ... Drought fears, gene-editing, new season lamb, fertiliser prices, Strategic Farm Week, & Jersey potatoes. Availability may end up playing a larger factor in the attractiveness of U.S. grain to global buyers than price. Potash had an average price of $332/ton, urea $359/ton, anhydrous $424/ton and UAN32 $249/ton. But as spring fieldwork ended in many areas, demand – and price – has fallen. The price of … Now is not the time to succumb to fear. “The cost of fertiliser represents around 35% of the variable cost [for a grain farmer],’’ she added. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. UK: Farm heads accept antibiotic cut targets. The updated version of Kuhn’s trailed boom fertiliser spreader can deliver a 25% increase in maximum application rate compared with the outgoing model, the company says. But demand has returned much more quickly than anticipated and supply concerns have eased significantly. Year-on-year (y/y) international prices for ammonia increased 2,9% in October from US$238 to US$245 (around R3 600 to R3 700), 14,3% from US$230 to US$263 (R3 500/t to R4 040/t) for urea, and 16,9% from US$302 to US$353 (R4 600 to R5 400) for diammonium phosphate. Of the two remaining fertilizers that had higher prices, MAP saw its average retail price increase by $18/ton, or about 4% from last month, to $477/ton. These conditions have made for a dream-like buying environment for farmers booking diesel and propane. How long this window of opportunity will last depends on the timing and the strength of the spring fertiliser application, and differs for farmers in the US, Europe and China. Chatham Rock eyes on Africa. November 13 2020. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Year-on-year (y/y) international prices for ammonia increased 2,9% in October from US$238 to US$245 (around R3 600 to R3 700), 14,3% from US$230 to US$263 (R3 500/t to R4 040/t) for urea, and 16,9% from US$302 to US$353 (R4 600 to R5 400) for diammonium phosphate. After last week's surge higher, fertilizer prices favor a more mixed tone on the week. The IFA has said farmers are paying over the odds for fertiliser in Ireland and Europe despite natural … As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. Even though farm equipment sales will likely main depressed in the COVID-19 era amid low commodity prices, ag sales will likely provide a buffer to Deere’s losses in their forestry and construction business units in 2020. The aforementioned economic data perfectly previews farm machinery sales this spring. According to the U.S. Census Bureau, restaurants and bars saw a 48.7% decline in monthly sales in April 2020 compared to a year ago. Thankfully, the supply chain has stood firm against obstacles created by the COVID-19 pandemic this planting season. The Federal Reserve’s move to increase monetary supply provided some insulation against economic distress for consumers. Catch up on all our 2020 cover stories, right here! Thank You For Stopping By! Fertiliser prices. Corné Louw, senior economist at Grain SA, said the main driver of increases in local fertiliser prices had been rising international prices since mid-2020. Ballance Agri-Nutrients’ service is called SpreadSmart. 05/10/2016. Ammonium nitrate, according to the roadmap crafted by the Ministry of Industry and Commerce, will gradually drop to US$18 for a 50 kilogramme bag from the current US$25 … 04/11/2016. Registered in England and Wales. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Chatham Rock eyes on Africa. However, report co-author Rabobank agricultural analyst Wes Lefroy said circumstance will be different for every farmer, but given how favourable current fertiliser prices were, depending on freight costs, “it is an extremely favourable time” for farmers to lock in supply contracts. China produces 49% of pesticides used on U.S. fields. Gas is the largest cost component of nitrogen (N) based fertilisers and – in the report – Teagasc outlined that Irish fertiliser prices for 2018, as a whole, were approximately 5% higher than in 2017. © 2020 Farmer's Weekly Magazine | Caxton Magazines Digital |, Weak rand results in big fertiliser price increase, Using manure as fertiliser: Mistakes to avoid, Fertilisation: basic principles that every farmer should know, Mango season starts early with big volumes, depressed prices, SA sugar industry losing billions due to dumping, New SA-China agreement creates opportunity for fruit exports, International award for Free State stock theft researcher, Varied tech solutions required for small-scale farming. Before you go, have you signed up for our FREE weekly newsletter?. Vehicle sales ground to a halt in March as the pandemic took hold of the nation. As always, stay safe, stay healthy, and thank the healthcare workers in your life every chance you get. 27/10/2016. UAN32% led gains once again this week which acts as confirmation of last week's sharply higher price. “The cost of fertiliser represents around 35% of the variable cost [for a grain farmer],’’ she added. With February reportedly being one of the wettest recorded in several years, there has been comparatively little movement on fertiliser so far this year. MIA monitoring covid detection claims. Farmers Weekly / Beef. For $4.80/ha, plus the cost of the fertiliser, spreading subsidiary SuperAir will fly on fertiliser according to a map programmed into the topdresser, automatically turning on and off at predetermined points. November 16 2020. This compares to our 5-year average of 604.04 for this week. South African fertiliser prices followed this trend. Gasoline demand fell as much as 45% since the onset of the coronavirus pandemic, pressuring the limits of 6.8 billion barrels of global oil storage capacity. Cash diesel prices in the Midwest have been trading at a discount to futures prices this week as local ultra-low diesel stocks have swelled by 20.3% in the last 6 weeks, according to the U.S. Energy Information Administration. While China is poised to recover from the coronavirus pandemic ahead of Western countries, there may be an increased push towards domestic input production in the near future to mitigate availability risk. The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. Best Young Farmers/Ranchers-3 ... DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. This resulted in the local landed prices of limestone ammonium nitrate (LAN) increasing 5,6% y/y in November from R5 915/t to R6 248/t, urea prices by 6% from R6 664/t to R7 062/t, and monoammonium phosphate (MAP) by 15,5% from R8 227/t to R9 499/t. Americans will likely continue to do more cooking at home as the pandemic drags on and more Americans are out of work. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). Nitrogen. Informa Markets, a trading division of Informa PLC. Economic confidence: a serious self-esteem issue, Farmers, be ready to justify government aid, Why commodity bulls are feeling festive this Holiday season. The world is in chaos, but don’t let it overwhelm you. The fertiliser will be available next year for farmers supplying Walkers, and the manufacturer says the new technology will reduce its carbon dioxide emissions from … Consider these financial and input factors as you look towards the summer months. Number 8860726. Talk with your banker about the potential cost offset of input savings to short-term debt rates. The Green Markets Weekly North America Fertilizer Price Index provides a snapshot of how North American fertilizer prices are trending over time. Preliminary estimates of the agricultural price indices for 2020 show a 3.3% decrease in input prices from 2019 levels with a large fertiliser… Agricultural input price index down 3% to … Revenue projections may not be favorable right now, but that is no excuse to ignore the cost side of the profit equation. Home Weak rand results in big fertiliser price increase Farmers in several provinces across South Africa have reported damaging outbreaks of cutworm infestations in recent weeks. 27/10/2016. The IFA has said farmers are paying over the odds for fertiliser in Ireland and Europe despite natural … Amid the current uncertainty surrounding the pandemic, do you have an opportunity to book propane right now? The K way. November 13 2020. But fall availability could be a different story if rising political tensions between the U.S. and China continue to escalate. READ Using manure as fertiliser: Mistakes to avoid, “According to the Fertilizer Association of South Africa [Fertasa] [all the potassium used in South Africa], as well as 60% to 70% of nitrogen requirements are imported. But it may not carry through to 2021. The supply chain can withstand last-minute changes, but farmers may be less willing to take on that risk given uncertainties about virus transmission. It may be too early to consider the long-term impacts of low interest rates and a larger monetary supply as the fallout from the pandemic continues. 32 min. Input suppliers reported strong activity at anhydrous terminals as planting season kicked off, suggesting that farmers were serious about planting 97 million acres of corn. In Deere & Co’s recent second quarter 2020 earnings report, the world’s largest supplier of agricultural equipment forecasted a 10-15% slump in annual farm and turf equipment sales. RPR fails quality test. Total vehicle sales dropped by nearly 8.4 million units between February and April as many show rooms around the country closed to prevent virus transmission. Lockdown measures sent the dollar skyrocketing only to face a precipitous drop in the same 10-day period as Congress fumbled early efforts to pass an initial stimulus bill. Latest in BEEF Ditch breeding cows to cut GHG? Prices are subject to change at any time. This was according to the results of a study conducted by researchers from the University of Illinois (UoI) in the US, largely because these farmers perceived their locally available fertiliser products to be of sub-standard quality. READ Fertilisation: basic principles that every farmer should know, “In dollar terms, before the recent increases, international prices were significantly lower during the first half of the year, compared with the same period last year, but due to the weakened exchange rate [of the rand], the full decrease did not pass through into the local market.”, He added that producers who only purchased fertiliser in October or November, would most probably have paid higher prices, especially for nitrogen and phosphorus than last year. Fertiliser prices increased in 2018 and this was reflected in the increase in production costs associated with higher energy prices. Despite President Trump’s tweets for negative interest rates, Federal Reserve Chairman Jerome Powell has remained firm in his stance of leaving the Effective Federal Funds rate near zero. Not all fertilizer prices change each week. The local price of urea increased by 294% to R9 439/t in September 2008 and DAP by 596% to R16 395/t in July 2008. Global MAP and DAP prices are at their lowest point since November 2009 and we're finally seeing a drop in fert values at a retail level. All rights reserved. Consumers backed off consumer stockpiling, as evidenced by a 13.1% drop in sales at grocers and liquor stores from March 2020. Farmers Weekly / Inputs. Ag retailers increased warehouse hours, trucking capacity, and direct shipping to minimize the chances of spreading coronavirus. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. The updated version of Kuhn’s trailed boom fertiliser spreader can deliver a 25% increase in maximum application rate compared with the outgoing model, the company says. Not your average farmers. As economic uncertainty continues to plague global markets amid the COVID-19 pandemic, a stronger U.S. dollar may be here to stay until a vaccine is developed – or until another round of negative economic news sends it falling. It has yet to be determined how many of these jobs will return as the economy recalibrates in the current pandemic environment. Diplomatic tensions between China and the U.S. have been rising as world economies attempt to reopen, which may not bode well for future fertilizer and pesticide shipments. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Home Weak rand results in big fertiliser price increase According to Corné Louw, senior economist at Grain SA, said the main drivers of increases in local fertiliser prices had been the weak exchange rate and rising international prices since mid-2020. 27/10/2016. The remaining four fertilizers were slightly lower in price from last month. This is especially true as the dimmed prospect of higher economic growth in the near future curbs inflation concerns. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. The dollar has since backed off mid-March spikes, but the constant volatility has contributed to a 3.4% rise in the ICE Dollar Index since the start of the year. But amid shaky consumer confidence in the economy, there was a bright spot for U.S. agriculture: The CPI’s food index grew 1.5% higher, with the largest increases in cereals and bakery products ever recorded in April. Farmers Weekly / News / Inputs. Farmers around the world received support in their quest for lower fertiliser prices, as another bullish argument in the global fertiliser market disappeared February 28. 27/10/2016. Gas prices have seen a significant decrease in price over the past year. Crop farmers, who are the biggest users of fertiliser, will be the most severely affected by the recent uptick in global prices, as South Africa imports around 80% of its fertiliser needs. This makes the commodity unaffordable to many farmers, particularly small scale and communal. Farmers Weekly also covers machinery, property and jobs, prices and trends and farm-life culture, and features a large classified ads section. 29/09/2016. During the 2008 recession, manufacturing output dropped 18.4% between the end of 2007 and mid-2009. Account Payments. Best Young Farmers/Ranchers-3 ... DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Brexit looms as market uncertainty grows. DAIRY MARKETS AND PRICES Dairy farms to get up to £10,000 to offset coronavirus cost. Latest in INPUTS Feed hole looms. First quarter output declines this year so far were the sharpest since the Great Recession in 2008 and 2009. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. These currencies have strengthened as a result, making U.S. products a more expensive option for potential buyers in international markets. For current year pricing we use fertilizer demand forecasts from the Green Markets Research. Kieran Mailey on 16 Dec 2020. The rate dropped from 1.58% in February in a series of sharp decreases that have matched those of the Great Recession. Price Lower in 2020. Gas is the largest cost component of nitrogen (N) based fertilisers and – in the report – Teagasc outlined that Irish fertiliser prices for 2018, as a whole, were approximately 5% higher than in 2017. Not all fertilizer prices change each week. Farmers in … 27/10/2016. The department said the cash would… Farm Progress is part of the Informa Markets Division of Informa PLC. Fertiliser contributes up … It is also a cheap way to ensure availability for harvest inputs, provided the cost savings is cheaper than the compounded interest expense. 05/10/2016. Accurate information is very important for Emlyn and Hilary Francis, especially when it comes to getting the best value from their fertiliser spend. “As fertiliser cost can make up between 25% and 50% of a grain and oilseed producers’ variable production cost, it can have a large impact on production costs.”. Not all fertilizer prices change each week. A global fertiliser crisis caused by high oil prices and the US rush to biofuel crops is reducing the harvests of the world's poorest farmers and could lead to … UK: Farm heads accept antibiotic cut targets. Does your farm have enough on-farm storage capacity to support buying cheaply priced inputs early to ensure availability for harvest? 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