In that case, it hardly made the farmers competitive compared to their peers from across the sub-region.”. The phosphorous fertilizer price was $532/ton last week, and nine months ago the average price … 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. The inability to pay and thus source this material, acts as a squeeze on supply, therefore driving prices higher. Mr O. 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. Fertilizer prices continue to erode, but the pace of decline slowed, according to retailers tracked by DTN for the second week of September 2019. Table 1 clearly shows the impact the grain price and yields have on profitability. 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). 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. 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. Furthermore, prices are likely to continue higher for the 2019 season. 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. However, to analyze and recommend proper changes to the Ghana fertilizer value chain, it is. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. Current price increases suggest $15 per acre higher costs for corn and $5 per acre higher costs for soybeans. In 2018, Asia-Pacific was the largest geographical segment of the market studied and accounted … 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). For 2019, this fertilizer application rate is $119 per acre, up $14 from 2018. It’s the fifth consecutive week that the price of all eight fertilizers fell. As producers updated their 2020 crop budget, low fertilizer prices were a welcomed improvement. 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 $ 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. The Ghana Cocoa Board in 2019 suspended the free distribution of fertilizer to farmers as a measure against smuggling. This, he said, would ensure a living wage … What it means is that the 57 cedis represents 50% reduction as the subsidy amounts to 50%. Along with Quinn, Knorr has noticed that the fertilizer market has already rallied to multi-year highs with international forces coming into play. Higher fertilizer prices then lead to higher fertilizer costs. The phosphorous fertilizer had a retail price of $526/ton in May and $465/ton last week, so it … Lower fertilizer prices were an important source of crop budget improvements as commodity prices … Subscribe to our newsletter for AgNook top stories each week! “Organic fertilizer will be GH¢15 flat. km) Rural land area where elevation is below 5 meters (% of total land area) Food production index (2004-2006 = 100) Knorr anticipates higher retail prices for October as wholesale prices move higher. Fertilizer consumption (kilograms per hectare of arable land) in Ghana was 20.88 as of 2016. Unfortunately, growers should plan for fertilizer to cost more than it did in 2018. 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%. 3 fall fertilizer Mistakes “ their 2019 financial scenarios to cost more than did. 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