Product
NP Fertiliser Price Trend and Forecast
NP Fertiliser Price Trend and Forecast
Regional Price Overview
Get the latest insights on price movement and trend analysis of NP Fertiliser in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
For the First Half of 2022
Asia
Following an increase of 80% the previous year, fertiliser prices in China have increased by almost 30% since the year's beginning. Several interrelated reasons, such as rising ingredient costs, supply disruptions brought on by sanctions (against Belarus and Russia), and export limitations, all contributed to price increases (China). While phosphate and potash prices were closer to their 2008 peaks, urea prices were higher.
The war in Ukraine heightened worries about the cost and availability of fertiliser. Ammonia output was drastically reduced as a result of rising natural gas prices, particularly in Europe.
Ammonia is a crucial component of nitrogen-based fertilisers. China's ammonia plants were prompted to reduce production due to skyrocketing coal prices, which raised the price of urea. Ammonia and phosphate costs have increased, which has also inflated the price trends for NP fertilisers.
Europe
The cost of Np fertiliser in Europe dropped across the board toward the end of the primary fertiliser season. Granulated urea's international basket price index decreased from just under 1,000 USD/MT to under 700 USD/MT.
Numerous factors contributed to the decrease in the price of nitrogen, including the softening of the cost of natural gas during that time, high prices that reduced demand for nitrogen, and the conclusion of the primary fertiliser season.
North America
Despite stabilising or declining slightly in the five months following Russia's invasion of Ukraine, NP fertiliser prices are still significantly higher than in 2021, so farmers who bought early to start preparing their crops for 2023 did see the same cost savings as they did last year. However, the second week of June 2022 saw a small decline in retail fertiliser costs.
Procurement Resource provides latest prices of NP Fertiliser. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
About
Nitrogen and superphosphate are both present in NP fertilisers, sometimes referred to as granular fertilisers. Because they use a lot of ammonium sulphate, they are known to contain a lot of sulphur. The crops and soils receive a balanced amount of nutrients from NP fertilisers. S, Ca (Calcium), and Mg (Magnesium), which are secondary nutrients included in NP fertilisers, may lower the likelihood of soil deficiency, resulting in a higher yield and higher-quality produce.
Furthermore, NP fertilisers are well renowned for their exceptional hardness, which ensures that quality is maintained during handling, blending, and field application. These fertilisers also have the advantage of being completely soluble or miscible with all nutrients readily available for plant absorption.
Product Details
| Report Features | Details |
| Product Name | NP Fertiliser |
| Supplier Database | Acron Group, Aries Agro Limited, Azomures, Borealis AG, Carbotecnia SL |
| Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
| Currency | US$ (Data can also be provided in local currency) |
| Supplier Database Availability | Yes |
| Customization Scope | The report can be customized as per the requirements of the customer |
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Production Processes
- Production of NP Fertiliser from Rock Phosphate
In order to separate calcium nitrate from phosphoric acid as crystals, phosphate rock is first acidified with nitric acid to produce a combination of calcium nitrate and phosphoric acid. To create NP fertiliser, the residual phosphoric acid filtrate—which also contained traces of calcium nitrate and nitric acid—is ultimately neutralised with ammonia.
Methodology
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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