The Ghana Cocoa Board in 2019 suspended the free distribution of fertilizer to farmers as a measure against smuggling. He believes it is prudent to assume cost increases of $15 per acre for corn and $5 per acre for soybeans. Despite major maize programs in the last two decades and costly investments in a price subsidy program in Ghana, maize productivity remains very low. Urea was most expensive in three landlocked countries (Burundi: 1.51, Uganda: 1.49, and Burkina Faso: 1.49 USD kg-1). In 2018/2019, Ghana is estimated to have produced about 812 thousand tons of cocoa beans, a decrease from approximately 969 thousand tons in 2016/2017. Wallpaper Market in Ghana to 2024. Fertilizer expense in 2019 will also be the highest since 2015 when prices translated to a $139 per acre expense. $ 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. UAN – Despite limited demand costs followed the rest of the nitrogen complex. 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. Shop for Soils, Fertilizers & Mulches online at Jumia Kenya. “Organic fertilizer will be GH¢15 flat. FEATURED: Live Updates: Ghanaians Go To The Polls... Government has reduced the prices of fertilizer by fifty percent. In recent weeks, fertilizer prices have sharply declined. Fertilizer consumption is the key to Africa's food security. Ammonia – October contracts at the Gulf settled $23 higher, matching a 4 year high. The World Bank’s Fertilizer Price Index is expected to rise 2 percent in 2019, following a projected increase of 9 percent in 2018. The inability to pay and thus source this material, acts as a squeeze on supply, therefore driving prices higher. 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. 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. 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 next fertilizer with the largest difference was MAP. For the period 2010 to 2013, the farm gate price for Ghana was set at 77.81% of the net free-on-board price . Specifically, Knorr shares how India may have trouble paying Iran for Urea due to U.S. financial sanctions. The research showed that some of … Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. However, in Ghana, fertilizers and other inputs for cocoa production are heavily subsidized and a bag of fertilizer is factored in at a reduced cost of US$ 25. 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. 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). A multivariate probit regression model was … Definition: Fertilizer consumption measures the quantity of plant nutrients used per unit of arable land. Meanwhile farmers have welcomed the reduction in the prices of fertilizers. 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%. Subscribe to our newsletter to get our top news stories sent right to your inbox! In the week’s post, we review 2020 fertilizer prices and the trend of lower prices. Table 8: Apparent fertilizer 2use by product (MT) Product Ghana (2017) Kenya (2016) Higher fertilizer prices then lead to higher fertilizer costs. Also, Quinn’s piece includes a 8-year price chart for retail anhydrous. 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. Figure 1. NPK, urea, and DAP are the most significant fertilizer products currently in use in the target countries reviewed for this study. Our study uncovers considerable spatial variation in fertilizer prices within African countries. Unfortunately, growers should plan for fertilizer to cost more than it did in 2018. Additionally, if you are planning a fall fertilizer application, “Avoid The Top 3 Fall Fertilizer Mistakes“. Phosphates – Mixed last week but have bullish momentum. Dan Quinn of DTN/PF recently reported on “DTN Retail Fertilizer Trends”, noting that all fertilizers moved higher in the third week of September. A farmer is paying only half of it, which amounts to Ghc57.50 pesewas.” Dr. Owusu Afriyie Akoto said. Ag Nook did write that “Self Fertilizing Corn is Closer Than You Think“, but such hybrids for 2019 aren’t likely to be available. 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. Experts: Growers expect fertilizer prices to be higher in 2019. Higher fertilizer prices then lead to higher fertilizer costs. So far, anhydrous ammonia prices are close to $80 per ton higher for 2019 production as compared to 2018 production. Urea Fertilizer market analysis. Fertilizer prices continue to erode, but the pace of decline slowed, according to retailers tracked by DTN for the second week of September 2019. For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. However, prices of maize increased in most markets in March due to the strong seasonal … Gary Schnitkey of FarmDocDaily authored a post titled, “Fertilizer Prices Higher For 2019 Crop”. Digging through the DTN/Progressive Farmer retail fertilizer price data shows it has been awhile since prices for all fertilizers … 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. 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. Updates on Fertilizer Prices Back to Publication Catalog This monthly price update shows the situation and the monthly prevailing Dealers' (Retail) prices of the four (4) fertilizer grades: Urea (45-0-0), Complete (14-14-14), Ammosul (21-0-0) and Ammophos (16-20-0). Wallpaper Market in Ghana to 2024. 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. Announcing the reduction, Dr. Owusu Afriyie Akoto said the move is part of measures to enhance productivity in the agric sector. Increasing the size of land by 1 acre will decrease profit by Gh¢ 32.45 in all three vegetables production system and by Gh¢65.45 under lettuce and spring onion production system (Table 7). Nitrogen prices fell 11 percent in the first quarter after large gains in the second half of 2018 .The decline reflected weak Chinese seasonal demand, below-average use in North America due to early snow, and lower input costs (natural gas and coal).These factors more than offset strong import demand elsewhere, notably Brazil. km) Rural land area where elevation is below 5 meters (% of total land area) Food production index (2004-2006 = 100) Compared to prices last spring -the average of prices reported in April and May- anhydrous ammonia prices are down 22% and DAP 17% lower. List of Fertilizers companies and services in Ghana. Africa Fertilizers market is projected to grow at a CAGR of 5.1% during the forecast period (2020-2025). Furthermore, prices are likely to continue higher for the 2019 season. The nitrogen, phosphorous and potash (NPK) grades are costing 6% less at Rs 900-1,100 per 50-kg. DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. maximize fertilizer use efficiency (Goh et al., 1999a; Goh et al,, 2003b). However, this level still represented a low average rate of fertilizer … 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. In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted … Jiji.co.ke is the best FREE marketplace in Kenya! Self-Fertilizing Corn is Closer Than You Think. This according to government is to motivate farmers to increase crop yields and also pave way for more exports. To match demand, food production will need to almost triple and this […] Menjo said there may be shortages. World demand for total fertilizer nutrients is estimated to grow at 1.6 percent per annum from 2015 to 2019. This should be helpful as growers pencil out their 2019 financial scenarios. Bryce Knorr of Farm Futures is also tracking fertilizer price trends in his article titled, “Fertilzer Outlook – Iran Sanctions Unnerve Fertilizer Market”. Cost increases will end a string of yearly declines in fertilizer costs that began in 2012. 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. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. IES projects marginal fuel price increase, Interim Management Committee of Songor Salt project hands over to Electro-Chem Ghana Limited, GCB re-opens Derby Avenue Branch with tailor-made services for customer satisfaction, Small-scale miners welcome Akufo-Addo’s call for dialogue on galamsey fight, Ghana begins trading under AfCFTA agreement, AfCFTA functions transferred from Ethiopia to Ghana, Food is abundant due to Planting for Food and Jobs – Akufo-Addo, COVID-19: Airport protocols to be strengthened amid new virus variant – Akufo-Addo, Cedi closes 2020 with 3.9% deterioration to the dollar, Live updates: Ghanaians go to the polls today, Catch up on the latest news videos from around the world. One difference, however, is that only one price dropped significantly, which DTN considers a price change of 5% or more. Mr O. Knorr offers analysis on this list fertilizers: Read more of Knorr’s commentary at farmfutures.com. The long shadow of the 2019 growing season makes the crystal ball fuzzy for future outlooks, especially fertilizer. Schnitkey does note that price declines could occur but that would run counter to historical price patterns. fertilizer price is around US$ 31.50 per bag, resulting in a cost of US$ 221 per hectare of productive cocoa and US$ 31.50 per hectare of land under rehabilitation. 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. The fertilizer with the least price difference in the past year was MAP. August and September fertilizer prices confirm expectations of rising fertilizer costs for 2019. Price Lower in 2020. Discover a great selection of Soils, Fertilizers & Mulches at the best prices Best prices in Kenya Pay Online or Cash On Delivery. The Ghana Cocoa Board in 2019 suspended the free distribution of fertilizer to farmers as a measure against smuggling. This price setting regime enables COCOBOD to have working capital to stabilize the farm gate price and carry out its mandate. 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 On a price per pound of nitrogen basis, the average urea price was at $0.45/lb.N, anhydrous $0.33/lb.N, UAN28 $0.46/lb.N and UAN32 $0.46/lb.N. Furthermore, he notes: “Fertilizer prices are highly correlated with energy costs. 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. “The other good thing of this development is that it will allow more use of fertilizer among agricultural production to increase crop yields,” he explained. 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. Table 1 clearly shows the impact the grain price and yields have on profitability. The price of diammonium phosphate (DAP, 18-46-0) rose about 12 percent during 2018, and monoammonium phosphate (MAP, 11-52-0) jumped 8 percent. 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. 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. Fertilizer prices have been moving higher in recent weeks. In the U.S., all eight of the major fertilizers are now higher compared to last year with prices shifting higher in recent months. 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. ... and 2019 prices were affected. This, he said, would ensure a living wage … Lower fertilizer prices were an important source of crop budget improvements as commodity prices … 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 In the same vein as both Quinn and Knorr, Schnitkey anticipates that current fertilizer price increases signal higher 2019 fertilizer costs. Knorr anticipates higher retail prices for October as wholesale prices move higher. The 2019 harvest included 2.7 million tonnes of maize ... fertilizers and extension services. Potash prices, for example, climbed from $300 per ton to nearly $400 per ton in 2019. A maize yield of 4 tonnes per hectare (t/ha) at a price of R2 250/tonne will earn a profit of 28.6% (at a production cost of R7 000/ha). What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. However, to analyze and recommend proper changes to the Ghana fertilizer value chain, it is. Fertilizer price indexes (table 8) have been updated through 2018. Subscribe to our newsletter for AgNook top stories each week! An increase of about five percent over the preceding year’s average price of GHS173.00. It’s the fifth consecutive week that the price of all eight fertilizers fell. All trademarks and copyrights on this page are owned by their respective owners. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Initiatives to increase employability, greater balanced fertilizer consumption & access to fertilizers at a competitive price Enhance a greater South-South cooperation Accra, Republic of Ghana, September 5th, 2019 Ghana's Ministry of Food and Agriculture (MOFA), represented by the Minister of Food and Fertilizer price data (table 7) are available through 2014 (the supporting USDA survey, on annual prices paid, has been discontinued). This was in addition to a notable upward swing over the previous several weeks. Potash – Trading at highest levels since 2015. 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. A farmer is paying only half of it, which amounts to Ghc57.50 pesewas.” Dr. Owusu Afriyie Akoto said. Assume cost increases of $15 per acre for corn and $5 per acre for soybeans as you pencil out crop plans for 2019. The… Rice is one of the major food staples consumed in Ghana, but one in which the country is food insecure, with consumption outstripping domestic production and 66% of rice consumed being imported. Urea – Up $4 at the Gulf. The phosphorous fertilizer had a retail price of $526/ton in May and $465/ton last week, so it … Ghana: Cocoa Producer Price Up By 8.42 Percent - allAfrica.com … Overall all all eight fertilizer prices Quinn follows having been tracking higher. The cost to the government is Ghc115 per bag of 50kg for NPK which is the most common form of fertilizer. This $41/lt increase added about $15 to the cost of producing a ton of DAP. A multistage sampling technique was used to obtain primary data from 543 rice farmers from three regions in Northern Ghana through questionnaire administration. 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). 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. Order now! DAP prices are close to $70 per ton higher and potash prices are near $35 per ton higher. If the checkbook allows, one fertilizer cost-saving measure is to prepay at least a portion of your 2019 commercial fertilizer needs. 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. 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. During the 1970s fertilizer consumption increased ten-fold with a peak of about 31 000 tonnes total nutrient in 1977. Fertilizer data collection in Africa is inconsistent, with specific detail available for some countries but not available for others. News Ghana is Ghana's leading online news portal for business in West Africa and around the World. Source: Ghana Crusader 2019-08-14 Cocoa farmers reject proposed price of GHC8,000 per tonne What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. 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. Raw material cost pressure also added support to phosphate fertilizer prices. Business News of Wednesday, 14 August 2019. 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. This activity should include estimates on how much corn and soybean growers should assume fertilizers will cost. –By: Jessica Ayorkor Aryee/Pius Amihere Eduku/citibusinessnews.com/Ghana, Fire outbreaks in Kumasi destroys properties Quinn also mentions an international factor, this one from China. Fertilizer consumption (kilograms per hectare of arable land) in Ghana was 20.88 as of 2016. At least for the moment, energy prices are at low levels and this, too, has a significant impact on fertilizer production and supply. The target is expected to reach 1.5 million farmers by the end of 2020. Potash prices have also declined (-5%). Schnitkey then proceeds to share price charts for Illinois growers for these fertilizers: He concludes with his outlook and commentary statements. World fertilizer trends and outlook to 2019 vi Summary World fertilizer nutrient (N+P 2 O 5 +K 2 O) consumption is estimated to reach 186.6 million tonnes in 2015, up by 1.1 percent over 2014. Planning for next growing season begins with penciling out likely financial scenarios. 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. “Organic fertilizer will be GH¢15 flat. 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). 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. Schnitkey doesn’t sugar coat his analysis and jumps right into his key findings in his opening paragraph. This is comparable to port costs at 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. the system and computation to derive optimal fertilizer rates, is the focus of this paper. price of a 50kg bag of hard wheat flour in CY 2018 averaged GHS185.00. More than 20 best deals for sale Buy Fertilizers online The cost to the government is Ghc115 per bag of 50kg for NPK which is the most common form of fertilizer. Along with Quinn, Knorr has noticed that the fertilizer market has already rallied to multi-year highs with international forces coming into play. “The fertilizer was taking about forty-five and in some cases sixty percent of the cost of production. Year with prices shifting higher in 2019 basic principle of fertilizer price indexes ( table 8 ) have been higher! 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