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March 2016 Edition

 

FertiNews - March 2016 edition is featuring useful and up-to-date information on international and regional fertilizer prices and  trends in the global and West African markets, news pertaining to key activities in the industry, up-coming events and many more. Enjoy reading!

 

Regional Fertilizer Retail Price Summary -February 2016

Commercial Market Prices (com) vs. Subsidized Prices (sub)
 
Product (US$/ton)
Type
BFA
CIV
GHA
MAL
NGA
SEN
NPK 15-15-15
com
 
550
594 628 574 445
sub
 
475
  367   266
NPK 23-10-5
com
567
  601
 
 
 
sub
 
 
 
 
 
 
NPK 6-20-10
com
 
 
 
613
  390
sub
 
 
 
 
 
236
Urea 46-0-0
com
573
550 575 556 577 517
sub
 
511
  367   274

 
Comments:
February 2016 fertilizer prices from 6 countries showed varying trends on the retail market. In Nigeria, urea commercial price continued as the highest price in the region, from January through February – around US$575 per ton. Mali’s NPK blends are selling at the highest of prices within the region, usually above US$600 since December 2015. The price of the product from analysis has been increasing gradually since December 2015 from US$621/ton, US$625 in January 2016 and US$628/ton in February. Cote d’Ivoire reported US$511/ton on subsidized fertilizer for Urea in February and $475/ton for NPK 15-15-15 constituting the highest within the month under the category.
 

 

Comments:
NPK 15-15-15 prices in West Africa over the last 3 months were reported from 5 countries. Senegal reported the lowest prices of the product in the last 3 months on both the open market and subsidy fronts in the region with commercial prices around $445/ton. Subsidized prices within the period sold at an average of $275/ton; 61% of the commercial price average of $450/ton. The same commercial average price was 27% higher compared to the world market price of $330/ton FOB. However, the highest commercial prices in the region were observed in Mali which ranged between $621 and $628/ton within the last 3 months. In comparison to the international market, Mali’s commercial average price within the period was 47.2% higher, selling at $625/ton.

National Average Prices | Detailed Average Prices 
 
   

International Fertilizer Prices through February 2016

 

Product (US$/ton, FoB bulk)
Nov '15
Dec '15
Jan '16
Feb '16
Urea (granular, Arab Gulf) 248
233
202
227
Urea (granular, Indonesia/Malaysia)  258
242
217
206
Ammonium Sulphate (China)
117
 115
109
107
DAP (Baltic/Black Sea)
426
410
395
 360
MAP (Morocco)
462
448
448
408
TSP (Tunisia)  388  390
390
336
MOP (Israel)  277 271
258
244
NPK 16-16-16 (FSU)
340
 335  336
320
Source: Argus FMB
 
Comments:
Granular urea monthly average prices depicted mixed levels in February between the Arab Gulf and Asia origins. While there seem to be an increase from $202/ton to $227/ton FOB in the Arab Gulf, prices dropped from the Indonesia/Malaysia origins from $217/ton to $206/ton FOB.
 
On the phosphate market, most products recorded a drop in prices through the month of February. DAP (Baltic and Black Sea) and MAP (Morocco) prices both fell by 9% compared to last month at an average price of $360/ton and $408/ton FOB respectively. Their prices the same time last year sold at a monthly average of $497 and $489 representing a respective annual drop in price of -27% and -14%.
 
MOP (Israel) price levels continued its downward trend through February. The average monthly price changed in January at $258/ton FOB and in February at $244/ton FOB, both represented 5% decreases. The relative increase beyond the $300/ton FOB that characterized the market last year between April and August will be keenly observed in the coming months in contrast to the long stable average price of $298/ton FOB average recorded between February 2014 and 2015.
 

Click here to access Argus FMB's new report- Sub-Saharan Africa Fertilizers: Resources, Markets, and Logistics
 


Towards an Integrated Market for Seeds and Fertilizers in West Africa

This World Bank Group report published in February 2015 explores the development of integrated regional markets for farmers in West Africa. It offers recommendations to build on the progress of West African governments who have worked together for years to develop trade rules and quality control methods. Click to download full publication
 
 

 

OCP AFRICA 

A subsidiary of the OCP group, a world leader on the phosphate market, OCP AFRICA is a new African company dedicated to transforming farming in Africa. Based on its four activities (agronomics, production, logistics, marketing and sales), OCP AFRICA’s ambition is to make accessible to local farmers all the resources they need to take an active role in their prosperity: products and services, logistical and financial solutions. With all partners and farmers, OCP AFRICA is committed to moving Africa towards the agricultural practices of the 3rd millennium, aiming for precision, high-performance, innovation and sustainable agriculture Read More
 



AGROPHITEX 
Agrophytex is a Senegalese company specialized in the distribution of treated mosquito nets, phytosanitary products, and agricultural products (fertilizer, seeds, maize, and onion). As a Partner of the Ministry of Agriculture of Senegal in the provision of quality fertilizer, it has been active nearly 10 years in the distribution of NPK and Urea Fertilizers across Senegal and the sub-region (Mali - Gambia - Guinea Conakry). Read more
 

 

Fertilizer Trends and Growth within Africa from a Blending and Bagging Perspective

Find out from this video published by Argus Media, the key trends in fertilizer usage and various opportunities available in the fertilizer sector in Africa, different fertilizer market characteristics to adapt to, and many more.
 
 
 

Connect With Us


Fertilizer News


Africa: USAID WAFP project, implemented by IFDC made a positive impact during the ArgusFMB Africa Fertilizer conference held in Marrakech, Morocco Read more
 
Africa: Office Chérifien des Phosphates (OCP) has announced the creation of its subsidiary "OCP Africa" during the ArgusFMB Africa Fertilizer conference held in Marrakech, Morocco from 24th to 26th February 2016... Read more
 
 
Senegal: (March 17, 2016) -A new free mobile application software created to provide farmers with useful answers on the best choice of fertilizers, soil type, quantity to apply and when to apply...etc. Read more
 
Togo: (March 23, 2016) - ELENILTO established its new division to market phosphate and fertilizers in West Africa... Read more

 

MORE NEWS





Up-Coming Events


Second Annual Africa Fertilizer Stakeholders' Forum 
Date: 18 - 20 May 2016
Venue: Abuja, Nigeria
Organized  by: IFDC/AFAP for ECOWAS and sponsored by USAID
 
The forum will bring together stakeholders of the fertilizer sector in West Africa to deliberate on key challenges facing by the fertilizer industry.
 
 
Developing Private Sector Agro-Input Markets – Designing and Implementing Targeted Subsidy Programs
Date: 30 May - 3 June 2016
Venue: Arusha, Tanzania
Organized  by: IFDC
 
Join this training of 5 days organized by IFDC with the support of the African Union Commission’s Department of Rural Economy and Agriculture. This training will draw on lessons learned and best practices from IFDC and its partners... Read More

 




Argus Africa Fertilizer Directory- List your business for free now!
 
Argus is collaborating with IFDC to bring together the African Fertilizer Industry in the directory which will help companies from all over the world to interact and do business with Africa. Interested in joining, click here to fill in this short survey.
 
About USAID WAFP
The West Africa Fertilizer Program is a five-year USAID-funded project that seeks sustainably improved agricultural productivity through increased regional availability and use of quality and appropriate fertilizer in West Africa. 

About AfricaFertilizer.org
AfricaFertilizer.org is a global initiative facilitating the exchange of information on soil fertility, fertilizers, and good agricultural practices in Africa.
Contact Us
IFDC (NWAFD)
PMB CT 284 Cantonments
Accra
Ghana
Tel: +233 560-027917/18
www.ifdc.org
Email: info@africafertilizer.org