November 18 2020. Anti-dumping duties to cost EU farmers €3bn - IFA. Revenue projections may not be favorable right now, but that is no excuse to ignore the cost side of the profit equation. Informa Markets, a trading division of Informa PLC. 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. November 16 2020. It appears that you are currently using Ad Blocking software. The department said the cash would… Catch up on all our 2020 cover stories, right here! Nitrogen and phosphate prices are roughly at 10-year lows, despite the sinking Australian dollar making import costs more expensive in … With Farmers Weekly business editor Suzie Horne and Farmers Weekly livestock editor Rhian Price. But fall availability could be a different story if rising political tensions between the U.S. and China continue to escalate. “Fresh investments will result in higher efficiencies and that reduces costs,” Mashingaidze, who is also chief executive of Chemplex said. They told Anne Lee electromagnetic mapping and variable rate fertiliser application are making a noticeable difference on their farm. Click here to view the latest NZ Farmers Weekly. Total retail sales were down 20.6% from a year ago in April. Potash had an average price of $357 per … Before you go, have you signed up for our FREE weekly newsletter?. It is also a cheap way to ensure availability for harvest inputs, provided the cost savings is cheaper than the compounded interest expense. With February reportedly being one of the wettest recorded in several years, there has been comparatively little movement on fertiliser so far this year. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. Also different this week was that the price of one fertilizer was down a considerable amount. Matebeni said South Africa imported about 80% of all fertilisers utilised by crop farmers, which meant that any changes in the global fertiliser market and the value of the rand directly affected domestic grain farmers. Amid the current uncertainty surrounding the pandemic, do you have an opportunity to book propane right now? The rate dropped from 1.58% in February in a series of sharp decreases that have matched those of the Great Recession. First quarter output declines this year so far were the sharpest since the Great Recession in 2008 and 2009. The slowdown in the international economy and lower product prices has resulted in a sharp decrease in international fertiliser prices. 27/10/2016. Such a shift would inevitably come at the cost of farmers as domestic manufacturing would incur higher input costs. 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. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Economic confidence: a serious self-esteem issue, Farmers, be ready to justify government aid, Why commodity bulls are feeling festive this Holiday season. After last week's surge higher, fertilizer prices favor a more mixed tone on the week. UAN32% led gains once again this week which acts as confirmation of last week's sharply higher price. During the 2008 recession, manufacturing output dropped 18.4% between the end of 2007 and mid-2009. “The cost of fertiliser represents around 35% of the variable cost [for a grain farmer],’’ she added. Fertiliser prices increased in 2018 and this was reflected in the increase in production costs associated with higher energy prices. Not all fertilizer prices change each week. Kieran Mailey on 16 Dec 2020. The same consumer hesitation amidst unprecedented economic uncertainty bled over into the retail sector as well. Availability may end up playing a larger factor in the attractiveness of U.S. grain to global buyers than price. Accurate information is very important for Emlyn and Hilary Francis, especially when it comes to getting the best value from their fertiliser spend. © 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. A fast planting season is coming to a close in many areas in the U.S. Online grain trading made easy with Farmers Weekly Graindex It takes just a couple of minutes to create a listing on Farmers Weekly Graindex and you’ll get a range of prices … Account Payments. Farmers Weekly / News / Inputs. MIA monitoring covid detection claims. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Run the numbers, be disciplined about costs, and do whatever dirty work is necessary to lock in cheaper inputs. It has yet to be determined how many of these jobs will return as the economy recalibrates in the current pandemic environment. Farmers at Grain SA’s regional meeting in Kroonstad said their economic survival was at stake should the increases continue and grain prices remain at current levels. Early planting progress reduces the likelihood of needing propane for fall drying – as long as spring planting progress continues without major delays. These conditions have made for a dream-like buying environment for farmers booking diesel and propane. Farm Progress is part of the Informa Markets Division of Informa PLC. Consider these financial and input factors as you look towards the summer months. 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. If you would like to speak to one of our team please call 0330 333 9694 or email firstname.lastname@example.org. In the week’s post, we review 2020 fertilizer prices and the trend of lower prices. November 13 2020. 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 IFA has said farmers are paying over the odds for fertiliser in Ireland and Europe despite natural … UK: Farm heads accept antibiotic cut targets. But the price difference likely matters little – phosphate application was the first cost cut in spring applications for farmers concerned about commodity prices in the COVID-19 era, according to agronomists. Warehouses had significant seed and crop nutrient inventories from 2019 left over, buffering the supply chain from major shocks this spring. Manufacturing output data has not fully encapsulated the extent of industrial damage inflicted by the pandemic, as the most recent manufacturing data only spans to the end of March 2020. Best Young Farmers/Ranchers-3 ... DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. South African fertiliser prices followed this trend. Our price reporting services provide accurate and reliable price assessments, alongside news and market commentary direct from our expert global editorial team. Fertiliser prices. Fertiliser prices staying steady. The U.S. Consumer Price Index (CPI) fell 0.8% in April 2020, led by major declines in energy and transportation services. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Latest in INPUTS Feed hole looms. 27/10/2016. Latest in BEEF Ditch breeding cows to cut GHG? Fertiliser prices staying steady. Gas prices have seen a significant decrease in price over the past year. 32 min. Decreased Chinese demand in the pandemic’s wake ensured anhydrous availability for the spring. Copyright © 2020. Farmers Weekly / Inputs. 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. Nitrogen. Chatham Rock eyes on Africa. 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. This makes the commodity unaffordable to many farmers, particularly small scale and communal. 04/11/2016. 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. The price stabilization followed a slight seasonal increase of 1.2% reflected spring planting demand. 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. Ballance Agri-Nutrients’ service is called SpreadSmart. Urea & UAN: Wholesale urea and UAN prices seesawed quite a bit as planting progressed this spring. However, there is an increasing likelihood of lower farmgate fertiliser prices as fertiliser demand indications point towards lower spring applications. Not your average farmers. Input availability was a non-issue this spring, thanks to a lousy 2019 season. 05/10/2016. Talk with your banker about the potential cost offset of input savings to short-term debt rates. Best Young Farmers/Ranchers-3 ... DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Brexit looms as market uncertainty grows. Farmers Weekly / Beef. 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 … Featured Home Image. Fertiliser prices staying steady. 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. It was a stark contrast to a month ago when expiring contracts trading in negative territory as no storage was available for delivery in Cushing, Oklahoma. November 13 2020. 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. This is especially true as the dimmed prospect of higher economic growth in the near future curbs inflation concerns. As the world adjust to a new reality, there are few economic impacts from which farmers have been spared. 05/10/2016. MAP is less than 1% higher compared to last year with its recent higher prices. The supply chain can withstand last-minute changes, but farmers may be less willing to take on that risk given uncertainties about virus transmission. The recent major decline in international crude oil prices is likely to have a significant impact on South Africa’s sugar value chain. Leicestershire grower Joe Stanley said it could add 20 per cent onto farmers’ fertiliser bills and push prices to the same level as ammonium nitrate. Now is not the time to succumb to fear. Fertiliser prices increased in 2018 and this was reflected in the increase in production costs associated with higher energy prices. Best Young Farmers/Ranchers-3 ... DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. But farmers could stand to benefit if the continued fear weighs on fuel, input, and financial costs. As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. China produces 49% of pesticides used on U.S. fields. 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 … But there is still a ways to go – the last eight weeks have seen the all-time lowest gasoline demand figures since tracking began in 1991. If your farm is in a stable cash flow position and can obtain financing at record low interest rates, now is a fantastic time to leverage equity to take advantage of low input costs. The K way. Latest in BEEF Ditch breeding cows to cut GHG? Fertiliser prices continued their slide in the global markets last week, but the question still remains as to whether farmers in the Northern Hemisphere will see lower price postings from their retailers in the coming weeks. 27/10/2016. Lines and paragraphs break automatically. Not all fertilizer prices change each week. M bovis eradication programme expands. If the math works in your favor, don’t hesitate to take advantage of low input costs. The world is in chaos, but don’t let it overwhelm you. Our History. Not all fertilizer prices change each week. MIA monitoring covid detection claims. Sharp increases in local fertiliser prices are undermining the profitability of the grain industry. 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. Smallholder farmers in Sub-Saharan Africa use fertilizer well below recommended rates, contributing to consistently low agricultural productivity. Not all fertilizer prices change each week. Click here to view the latest NZ Farmers Weekly. Retail fertilizer prices declined for the third consecutive week. November 13 2020. The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. COVID reveals need for more zoonotic disease research, Allowed HTML tags:
. Thank You For Stopping By! “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.”. Smallholder farmers in Sub-Saharan Africa use fertilizer well below recommended rates, contributing to consistently low agricultural productivity. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. This was according to Fezeka Matebeni agricultural economist of agro-food chains, at the Markets and Economic Research Centre of the National Agricultural Marketing Council. 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. As always, stay safe, stay healthy, and thank the healthcare workers in your life every chance you get. Not all fertilizer prices change each week. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. But amid low prices, now may be a good time to examine on-farm storage and stockpile drying fuel if it can be cash-flowed. Latest in INPUTS Feed hole looms. 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. The supply chain may have operated favorably during planting, but there is no guarantee that will carry forward to fall. The aforementioned economic data perfectly previews farm machinery sales this spring. The April 2020 measurement was the lowest sale total since the U.S. Bureau of Economic Analysis began tracking vehicle purchase data since 1980. Historical fertiliser prices (£/t delivered to farm) Source: AHDB Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. 27/10/2016. The world may be in chaos right now, but that doesn’t mean your farm has to be. Farmers in … The IFA has said farmers are paying over the odds for fertiliser in Ireland and Europe despite natural … Farmers Weekly also covers machinery, property and jobs, prices and trends and farm-life culture, and features a large classified ads section. We are excited to announce you can now make your IFA payments online. UK: Farm heads accept antibiotic cut targets. November 13 2020. 29/09/2016. Acting on these questions now will pay dividends in the long run. Some farmers, especially at the end of winter, use seedlings for their cucurbit crops in an attempt to get an early-growth advantage and better prices. More in INPUTS. Jun 5, 2020. Vehicle sales ground to a halt in March as the pandemic took hold of the nation. The Federal Reserve’s move to increase monetary supply provided some insulation against economic distress for consumers. Prices are subject to change at any time. 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. Cabinet to decide livestock exports future. 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. 29/09/2016. Unemployment claims reached 25.1 million last week as the U.S. economy has eliminated the same number of jobs created after the Great Recession in the weeks following the pandemic’s onset. Number 8860726. AgriLand took a round up of … More in INPUTS. Phosphate: Wholesale phosphate prices are nearly 19% lower than last planting season though retail costs are slightly higher, reflecting sourcing issues due to China’s lockdown early in the year. 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. Prices for five other fertilizers were lower compared to last month, but none were down a notable amount. Retail fertilizer prices increased all around this week for the first time in many months. South Africa imported 2,19 million tons of fertiliser in 2019.”. Fertiliser Prices from Ireland. 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. Nitrogen prices led the way as farmers mostly completed sidedressing operations, according to retailers. 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. Farmers in … 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. But it may not carry through to 2021. 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 … More in INPUTS. The Index is constructed using the fertilizer benchmark prices of U.S. Gulf Coast Urea, U.S. Cornbelt Potash and NOLA Barge DAP. November 18 2020. 27/10/2016. Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). 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. Fertiliser prices: CAN ranging from €270/t to €285/t. Anti-dumping duties to cost EU farmers €3bn - IFA. Not all fertilizer prices change each week. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Think back to last fall’s harvest season and give credence to input availability at that point. 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. Farmers have welcomed the pre-planting producer price announced by Government as viable and profitable, but said input suppliers need to keep their seed, fertiliser and chemicals prices … Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 27/10/2016. Consumers backed off consumer stockpiling, as evidenced by a 13.1% drop in sales at grocers and liquor stores from March 2020. In fact, last week’s stock estimate of nearly 34.9 million barrels was the sixth largest reading recorded since stock tracking began in 2004. Cabinet to decide livestock exports future. Price Lower in 2020. Matebeni said South Africa imported about 80% of all fertilisers utilised by crop farmers, which meant that any changes in the global fertiliser market and the value of the rand directly affected domestic grain farmers. But as spring fieldwork ended in many areas, demand – and price – has fallen. As the coronavirus pandemic made landfall in the U.S., the dollar index began to tank amid inaction to prevent the virus’ transmission. Not only will your farm face reduced availability risk in the fall, but profit calculations will not be held down by uncontrollable costs. 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. November 16 2020. This compares to our 5-year average of 604.04 for this week. Farmer's Weekly is the oldest agricultural magazine in South Africa, serving as a mouthpiece for the agricultural industry and keeping readers informed. Prices are subject to change at any time. Farmers Weekly / Inputs. Every week we will send you a roundup of the most important news in farming and agriculture, completely free! UAN28 was down 5% from last month with an average price of $209 per ton. But demand has returned much more quickly than anticipated and supply concerns have eased significantly. It would especially pay off in the event of a sudden cold snap or increase in precipitation that would increase replanting and late harvest risks. But in the short run, it presents an opportunity for farmers looking to refinance. Prices are subject to change at any time. DAIRY MARKETS AND PRICES Dairy farms to get up to £10,000 to offset coronavirus cost. But output has declined nearly 2.9% from the fourth quarter of 2018. Web page addresses and e-mail addresses turn into links automatically. Most consumers fear virus transmission and are not willing to sacrifice their safety to return to pre-pandemic purchasing, as clearly evidenced by recent financial data. 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. The index is updated on a weekly basis at the time of publication ofGreen Markets. These currencies have strengthened as a result, making U.S. products a more expensive option for potential buyers in international markets. M bovis eradication programme expands. 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%. Excess inventories from 2019 allowed anhydrous prices to remain relatively constant despite strong nitrogen demand this spring. With enhanced payment security, there's no need to worry about checks possibly getting lost in the mail. The price of … 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. Grocery stores were the sole source of consumer safety during lockdown as their monthly sales increased 13.2% on the year. Matebeni added that maize producers were estimated to be the largest single consumers of fertiliser, amounting to almost 40% of the total fertiliser market, followed by sugar cane (15%), and wheat (10%) farmers. Fertiliser contributes up … RPR fails quality test. 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. 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. 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. 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. Dairy farmers who have seen a coronavirus-related cut to their income are set to receive up to £10,000 of financial support, Defra has announced. Kieran Mailey on 16 Dec 2020. “The cost of fertiliser represents around 35% of the variable cost [for a grain farmer],’’ she added. 8 September 2016. Intermountain Farmers Association Stands For Excellence And Leadership In The Agricultural Supply Industry. Latest Energy Information Administration (EIA) estimates peg gasoline demand at 34.1% higher than when demand hit an all-time low in early April. For $2/ha more, the rate can be varied as the plane traverses blocks. The index has a starting date of January 7, 2002 and an associated starting value of 100. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. UK: Farm heads accept antibiotic cut targets. Fertiliser Association of Zimbabwe president Tapuwa Mashingaidze said he was optimistic that the roadmap would result in improved production efficiencies, which would lead to drop in prices. Therefore, farmers in the Northern Hemisphere might find opportunities to secure fertiliser volumes in the coming weeks, at lower prices than what is offered today. This product summarizes fertilizer consumption in the United States by plant nutrient and major fertilizer products—as well as consumption of mixed fertilizers, secondary nutrients, and micronutrients—for 1960 through the latest year for which statistics are available. Click here to view the latest NZ Farmers Weekly.