What is the price for urea?
The MRP of urea is statutorily fixed by the Government of India and at present it is Rs. 268 for a 50 Kg bag of urea/ Rs. 242 for a 45 kg bag of urea which includes Rs.
How much is a ton of urea worth?
Urea was down 5% compared to last month and had an average price of $363 per ton. Six fertilizers had slight price declines from the previous month.
What is the Fertilizer Price Index?
The index is value weighted based on the annual global demand of each nutrient. The index is updated on a weekly basis at the time of publication ofGreen Markets. The index provides a snapshot of how North American fertilizer prices are trending over time.
What is the current price of urea fertilizer?
On a price per pound of nitrogen basis, the average urea price was at $0.64/lb. N, anhydrous $0.47/lb. N, UAN28 $0.68/lb. N and UAN32 $0.68/lb.
What is the price of fertilizer?
|Price (Unit in Rs./50 kg bag)
|Urea(Ind) – 46.0 / 50 Kg. Bag
|Complex NPK – 20:20:0:0 / 50 Kg. Bag
|Am. Chloride – 25.0 / 50 Kg. Bag
|Complex NPK – 12:32:16 / 50 Kg. Bag
Why is fertilizer so expensive this year?
The Bloomberg article explained that, “The fertilizer market has been hit hard this year due to extreme weather, plant shutdowns, sanctions and rising energy costs in Europe and China, pushing prices past levels that traders and farmers hadn’t seen since the global financial crisis.”
Why is urea so expensive?
Most fertilizer prices soared in 2021, particularly phosphates and urea, driven by strong demand and higher input costs. Risks to the forecast include the pace of capacity expansions, geopolitical tensions, and, in the medium term, environmental policies on fertilizer use. Global demand strengthens.
Which country is the largest producer of urea?
India is the top country by urea production in the world. As of 2019, urea production in India was 24.5 million tonnes that accounts for 33.77% of the world’s urea production. The top 5 countries (others are Russian Federation, Indonesia, Pakistan, and the United States of America) account for 73.36% of it.
Which is biggest fertilizer company in India?
National Fertilizers Limited, India’s largest Central Public Sector Enterprise, was the leading fertilizer company based on net sales worth 131.3 billion Indian rupees as of February 2021. This was closely followed by Coromandel International Limited; whose net sales were over 131.1 billion Indian rupees.
What is the current price of Black Sea urea?
Black Sea Urea Spot Price is at a current level of 237.75, down from 262.50 last month and down from 267.50 one year ago. This is a change of -9.43% from last month and -11.12% from one year ago.
When did the price of urea start to rise?
Prices first rose in 2005 with Indian imports beginning to build. The position for buyers was made more difficult in 2006 with the ethanol push in the USA that guaranteed a solid immediate future for both corn and urea prices.
What’s the outlook for the urea fertilizer market?
Industrial applications for urea are expected to see stronger growth, at 3.3% per annum. Pricing will continue to be driven by the marginal producers, particularly those in China, which will set both cyclical troughs and will limit the potential for future peak level pricing.
How does the urea market help your business?
Pricing, supply-demand and forecasts on the urea market delivered directly to your organisation to support centralised models and trading systems used by team members across your business.