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January 2016 Edition

 

USAID West Africa Fertilizer Program and AfricaFertilizer.org (AFO) wish you a prosperous New Year.  Once again we come your way with the January 2016 edition of FertiNews West Africa featuring very useful and up-to-date information on the fertilizer industry. Enjoy reading.

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Regional Fertilizer Retail Price Summary -December 2015

Commercial Market Prices (com) vs. Subsidized Prices (sub)
 
Product (US$/ton)
Type
BFA
CIV
GHA
MAL
NGA
SEN
NPK 15-15-15
com
 
554
596 621 582 447
sub
 
454
468 366   281
NPK 23-10-5
com
534
  591
 
 
 
sub
 
 
468
 
 
 
NPK 6-20-10
com
 
 
 
609
  391
sub
 
 
 
 
 
 
Urea 46-0-0
com
545
552 578 556 573 538
sub
 
476
441   366 274
 

Comments:
Stocks on the Burkina Faso fertilizer market consisted mainly of imported fertilizer through December although there were reports of low quantities of local products Demand is still being driven by market gardeners who have even raised concerns of the quality of available stocks. The Burkinabe market is expected to recover from February. 
Cote d’Ivoire’s market was also generally calm through December with the end of the planting season. However, slight market activities were observed among cocoa producers and market gardeners in the South were stocks are relatively high and most orders are targeted cocoa. Compared to previous months quantities traded declined among fertilizer dealers. In the north, where cotton fertilizers are subsidized, traders are faced with challenges on the market because cotton producers are complaining of financial difficulty.
Mali’s fertilizer sector was characterized by stability of prices compared to November 2015. Trading volume also remained low. The market has been largely driven by the vegetable sector. Price differences also depended on the distance to the capital or to the terms of fertilizers dealers. However, some large companies managed to maintain a unique price per type of fertilizer in areas where they exist. 
Senegal also remained stable because the major crops are dependent on the rainy season. As a result, fertilizer orders with store managers have declined significantly in the regions. Sales prices of fertilizers have remained stable or sometimes even slightly down in the capital and beyond. Given the distance (induced transport costs), the price of 50 kg bag of fertilizer is more expensive in remote areas like Ziguinchor and Kolda Sédhiou compared to other areas. Note however that in areas of gardening such as Niayes (Dakar, Thies), demand and supply, always importantly tend to have a balance. Areas were demand continue to decline will affect the prices downward.
In Nigeria, urea shortages have been observed in the south eastern markets because a lot of importers are yet to be granted permits. Available urea has been reserved for blending purposes. The current government of Nigeria placed a ban on the importation of urea to avoid explosives production. Fertilizers were sold more in December than in November during the peak of the dry season especially for vegetable farming in the southeast. SSP sales mainly targeted Soybean. 
Ghana’s market was also relatively calm as a result of the dry season and a relatively stable exchange rate have not affected prices so far. The coming months will be challenging on fertilizer prices and  transport cost as a result of a 27% increase in the price of fuel at the pump announced just after the Christmas festivities.
 
   

International Fertilizer Prices through December 2015

 

Product (US$/ton, FoB bulk)
Sep
Oct
Nov
Dec
Urea (granular, Arab Gulf)  263
253
248
233
Urea (granular, Indonesia/Malaysia)  270
256
258
 242
Ammonium Sulphate (China)
126
 120
117
115
DAP (Baltic/Black Sea)
473
463
426
 410
MAP (Morocco)
491
484
462
448
TSP (Tunisia)  395  395
388
390
NPK 16-16-16 (FSU)
356
 345  340
335
Source: Argus FMB

Urea prices ended the year about 25pc lower than they started. Increased export supply, which will be a major feature of the market in 2016, outweighed any increases in demand and pushed prices down especially in the second half. Phosphate fertilizer trade has been lacklustre as the market drew towards the holidays west of Suez. Sentiment remained undoubtedly weak and bearish fundamentals appeared set to follow the phosphate market into the New Year. A market rebound is unlikely before the second quarter, when Indian demand returns and Brazil steps in for Safrinha. The market is oversupplied with Europe and Australia expected to be the key outlets during the first quarter. There is still some African demand to be met. The global potash market ended the year on a bearish footing. Most potential spot markets had been slow and there were few signs of sizeable spot demand re-emerging in the short-term. In terms of market prices, contract shipments provided better netbacks than spot as the latter fell steadily formuch of the year 2015.... Read More
 

Exclusive IFDC Discount for African Companies
Register online here – www.argusmedia.com/fertilizer-africa. and Get 50% discount off the conference rate using discount code “IFDC50”.
 


USAID WAFP Initiates Establishment of Fertilizer Traders' Association for West Africa (WAFTA)

The USAID-funded West Africa Fertilizer Program (WAFP), implemented by IFDC and with support from the Africa Fertilizer and Agribusiness Partnerships (AFAP), is facilitating the establishment of a regional traders association for all key actors of the fertilizer industry operating in West Africa including importers, producers, and blenders. The main goal of setting up this association is to create a common platform and an entity that will defend the interest of its members and serve as an effective advocacy medium for interacting with relevant regional institutions... Click to download full publication
 
 
 

Yargus, Manufacturer of Premium Bulk Blending and Material Handling Equipment.

Established in 1968, Yargus Manufacturing is a full-service company with extensive knowledge in project design, engineering, production, installation, transportation and technical assistance personnel to meet the demands of its clients. It produces the Layco product line, consisting of a wide range of premium bulk blending and material handling equipment that is shipped worldwide for agricultural and industrial uses. Yargus engineers have developed a new Coating System to accurately deliver liquids and powders onto dry fertilizer blends utilizing Layco’s Automation technology. Yargus is continually updating its extensive product line in order to meet the needs of industry, not only at home in the USA, but throughout the world.. Visit Yargus website
 


CIPAM (Mambo Group): Meetings West Africa's Fertilizer Needs 

Established in Burkina Faso, CIPAM (Mambo Group) distributes complex fertilizers (NPK) throughout West Africa. It sources raw materials from Europe and North Africa via Abidjan or Lomé and processes at its blending facilities. The company’s industrial capacity enables it to quickly produce formulations on demand adapted to the nature of each soil and to all types of crops. With over 20 years of experience and with powerful industrial and logistical tools, CIPAM is ever ready to respond with the same seriousness to government offers for special orders... Read More
 


Shamba Shape up - Improving Yields Through Soil Testing  and Use of Recommended Fertilizers 


In order to increase your yields and income, learn how to apply fertilizer to your crops as well as the benefits of using it. Also know the type of seeds that are suitable for your farm. 
 

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IFDC CEO Explains How Fertilizer is Going to Change the World

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Up-Coming Events


The 7th Argus FMB Africa Fertilizer Conference 
Date: 24-26 February 2016
Venue: Marrakech, Morocco
Organized  by: ARGUS FMB

The Argus Africa Fertilizer conference is your opportunity to meet the market - from leading producers to major buyers and distributors, and all categories of essential service providers... Read More
 
Assessing, Crop Production, Nutrient Management, Climatic Risk and Environmental Sustainability with Simulation Models 
Date:2-9 March, 2016
Venue: Addis Ababa, Ethiopia
Organized  by: IFDC

Join this IFDC training to get a comprehensive understanding of the computer model for the simulation of crop growth and yield, soil and plant water, nutrient and carbon dynamics and their application to real world problems... 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
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Tel: +233 560-027917/18
www.ifdc.org
Email: info@africafertilizer.org