UK: Farm heads accept antibiotic cut targets. RPR fails quality test. DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Preliminary estimates of the agricultural price indices for 2020 show a 3.3% decrease in input prices from 2019 levels with a large fertiliser… Agricultural input price index down 3% to … These currencies have strengthened as a result, making U.S. products a more expensive option for potential buyers in international markets. During the 2008 recession, manufacturing output dropped 18.4% between the end of 2007 and mid-2009. 05/10/2016. “As fertiliser cost can make up between 25% and 50% of a grain and oilseed producers’ variable production cost, it can have a large impact on production costs.”. RPR fails quality test. “The cost of fertiliser represents around 35% of the variable cost [for a grain farmer],’’ she added. But the price difference likely matters little – phosphate application was the first cost cut in spring applications for farmers concerned about commodity prices in the COVID-19 era, according to agronomists. Farm Progress is part of the Informa Markets Division of Informa PLC. Brexit looms as market uncertainty grows. Urea & UAN: Wholesale urea and UAN prices seesawed quite a bit as planting progressed this spring. Every week we will send you a roundup of the most important news in farming and agriculture, completely free! Not all fertilizer prices change each week. Diplomatic tensions between China and the U.S. have been rising as world economies attempt to reopen, which may not bode well for future fertilizer and pesticide shipments. However, there is an increasing likelihood of lower farmgate fertiliser prices as fertiliser demand indications point towards lower spring applications. If your farm is in a stable cash flow position and can obtain financing at record low interest rates, now is a fantastic time to leverage equity to take advantage of low input costs. Prices are subject to change at any time. In Deere & Co’s recent second quarter 2020 earnings report, the world’s largest supplier of agricultural equipment forecasted a 10-15% slump in annual farm and turf equipment sales. 29/09/2016. Latest in BEEF Ditch breeding cows to cut GHG? The U.S. Consumer Price Index (CPI) fell 0.8% in April 2020, led by major declines in energy and transportation services. These conditions have made for a dream-like buying environment for farmers booking diesel and propane. Despite President Trump’s tweets for negative interest rates, Federal Reserve Chairman Jerome Powell has remained firm in his stance of leaving the Effective Federal Funds rate near zero. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. China produces 49% of pesticides used on U.S. fields. As shown in figure 1, fertilizer prices reported out of Illinois in March 2020 were significantly lower than in Spring 2019. According to the U.S. Census Bureau, restaurants and bars saw a 48.7% decline in monthly sales in April 2020 compared to a year ago. Retail fertilizer prices continue to be mostly lower in price from a year ago, but there is one exception. Farmers have welcomed the pre-planting producer price announced by Government as viable and profitable, but said input suppliers need to keep their seed, fertiliser and chemicals prices … MIA monitoring covid detection claims. Retail fertilizer prices declined for the third consecutive week. Accurate information is very important for Emlyn and Hilary Francis, especially when it comes to getting the best value from their fertiliser spend. Copyright © 2020. The GB fertiliser price series aims to increase transparency in the market and help levy payers understand price trends for a key input. If the math works in your favor, don’t hesitate to take advantage of low input costs. Cabinet to decide livestock exports future. November 16 2020. South African fertiliser prices followed this trend. The decrease is round 25-30cent and with gas been one of the main product used in nitrogen products this should be reflected in prices. The aforementioned economic data perfectly previews farm machinery sales this spring. If you would like to speak to one of our team please call 0330 333 9694 or email farmersweeklysubscriptions@markallengroup.com. Chatham Rock eyes on Africa. Unemployment claims reached 25.1 million last week as the U.S. economy has eliminated the same number of jobs created after the Great Recession in the weeks following the pandemic’s onset. Taking proactive steps to manage costs by booking low input prices and finding new ways to trim fat on your operation will not only help farms weather the pandemic, but it will also set disciplined farms in a better position when revenues rebound. Farmers Weekly also covers machinery, property and jobs, prices and trends and farm-life culture, and features a large classified ads section. Farmers Weekly seeks to ensure but cannot guarantee that all information contained in the Prices and Trends sections is correct. The fertiliser will be available next year for farmers supplying Walkers, and the manufacturer says the new technology will reduce its carbon dioxide emissions from … DAIRY MARKETS AND PRICES Dairy farms to get up to £10,000 to offset coronavirus cost. Lockdown measures sent the dollar skyrocketing only to face a precipitous drop in the same 10-day period as Congress fumbled early efforts to pass an initial stimulus bill. Total retail sales were down 20.6% from a year ago in April. Home Weak rand results in big fertiliser price increase According to Corné Louw, senior economist at Grain SA, said the main drivers of increases in local fertiliser prices had been the weak exchange rate and rising international prices since mid-2020. Informa Markets, a trading division of Informa PLC. Thank You For Stopping By! Consumers backed off consumer stockpiling, as evidenced by a 13.1% drop in sales at grocers and liquor stores from March 2020. November 13 2020. For $4.80/ha, plus the cost of the fertiliser, spreading subsidiary SuperAir will fly on fertiliser according to a map programmed into the topdresser, automatically turning on and off at predetermined points. April 10, 2019. Farmers at Grain SA’s regional meeting in Kroonstad said their economic survival was at stake should the increases continue and grain prices remain at current levels. 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. Fertiliser prices: CAN ranging from €270/t to €285/t. As the coronavirus pandemic infected international markets, investors searching for “safe-haven” assets flocked to stable currencies, particularly the U.S. dollar and Japanese yen. Click here to view the latest NZ Farmers Weekly. Gas prices have seen a significant decrease in price over the past year. It has yet to be determined how many of these jobs will return as the economy recalibrates in the current pandemic environment. Smallholder farmers in sub-Saharan Africa are, on average, using fertilisers at well-below recommended rates in their crop production. The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. The IFA has said farmers are paying over the odds for fertiliser in Ireland and Europe despite natural … The prices cover the most commonly used products: ammonium nitrate (UK produced and imported), liquid nitrogen (UAN), granular urea, potash and phosphates. Ammonium nitrate, according to the roadmap crafted by the Ministry of Industry and Commerce, will gradually drop to US$18 for a 50 kilogramme bag from the current US$25 … DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Anhydrous Ammonia: Anhydrous prices have hovered around $504.5/ton in Illinois in recent weeks. 27/10/2016. The updated version of Kuhn’s trailed boom fertiliser spreader can deliver a 25% increase in maximum application rate compared with the outgoing model, the company says. Farmers Weekly / Beef. Cash diesel prices in the Midwest have been trading at a discount to futures prices this week as local ultra-low diesel stocks have swelled by 20.3% in the last 6 weeks, according to the U.S. Energy Information Administration. Click here to view the latest NZ Farmers Weekly.

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