Verde Agritech Ltd T.NPK

Alternate Symbol(s): VNPKF

Chemicals Chemicals

Verde AgriTech Ltd is an agricultural technology company that produces potash fertilizers. The principal activity of the Company is the production and sale of a multi-nutrient potassium fertilizer marketed in Brazil under the brands K Forte and BAKS, Silicio Forte, and internationally as Super Greensand (the Product). K Forte is a potash fertilizer that is a source of potassium, silicon, and magnesium and micronutrients. BAKS is a combination of K Forte plus three other nutrients that can be chosen by customers according to their crops’ needs. It mines and processes its main feedstock from its 100% owned mineral properties, then sells and distributes the Product. Its Cerrado Verde Project is in Minas Gerais state, Brazil, which is a potassium-rich deposit, from which it is producing solutions for crop nutrition, crop protection, soil improvement, and increased sustainability. Its technologies are Cambridge Tech, 3D Alliance, MicroS Technology, N Keeper, and Bio Revolution.

TSX:NPK - Post by User

Verde Agritech Ltd > Fertilizer Price Rally Continues-DAP, Urea, UAN Prices Surge

<< Previous

Bullboard Posts

Next >>

Post by kanerfalkon Feb 25, 2021 3:28am

387 Views

Post# 32655501

Fertilizer Price Rally Continues-DAP, Urea, UAN Prices Surge

OMAHA (DTN) -- Retail fertilizer prices continue to climb higher, with the average retail prices of all eight major fertilizers increasing significantly in the third week of February from the month prior.

It's the third week in a row all prices have climbed by 5% or more, the level which DTN designates as significant.

DAP led the way higher once again. The fertilizer is 22% higher compared to last month, with an average price of $600 per ton. The last time DAP prices moved above the $600/ton level was the fourth week of December 2013. The fertilizer had an average price of $602/ton that week.

Urea is 18% more expensive compared to last month. The nitrogen fertilizer had an average price of $457/ton, up $70.

Both MAP and UAN32 were up 15% compared to the prior month. MAP had an average price of $648/ton, up $85, while UAN32 was at $288/ton, up $37.

UAN28 was 14% more expensive when looking back to last month. The liquid fertilizer had an average price of $245/ton, up $30.

Anhydrous was 10% higher while 10-34-0 was up 9% and potash was 7% more expensive. Anhydrous had an average price of $530/ton, up $48; 10-34-0 $522/ton, up $41; and potash $404/ton, up $25.

Potash prices crossed above $400/ton for the first time since the third week of December 2015. The average price at that time was $408/ton.

On a price per pound of nitrogen basis, the average urea price was at $0.50/lb.N, up 1 cent from last month; anhydrous $0.32/lb.N, unchanged; UAN28 $0.44/lb.N, up 1 cent; and UAN32 $0.45/lb.N, unchanged.

The severe winter weather which affected most of the country last week could have a lasting effect on retail fertilizer prices. Fertilizer companies reported issues maintaining production last week.

Nitrogen fertilizer manufacturer CF Industries reported its Oklahoma plants were most affected by the cold weather last week, according to a Dow Jones report last Thursday. This could likely lead to tightening supplies of nitrogen fertilizer in the coming weeks and months, totaling hundreds of thousands of tons of nitrogen fertilizer.

"The tightening of North American supply could be noticeable," CF Industries CEO Tony Will said.

CF was not the only fertilizer company seeing fertilizer production suffer last week because of the cold weather. Dow Jones reported last Thursday as well that Mosaic may have had to shut down a Louisiana fertilizer plant for a few days due to issues with freezing.

Mosaic CEO Joc O'Rourke said in addition to the Louisiana plant issues, the company has also seen the movement and unloading of the company's ships in the Gulf of Mexico affected by the cold conditions. The company is well equipped to deal with extreme weather events, compared to the slowdowns forced by annual hurricanes in the Gulf region, O'Rourke said.

With retail fertilizer prices moving higher over recent months, all fertilizers are now higher in price from a year ago.

Both UAN28 and UAN32 are now 4% more expensive, both potash and anhydrous are 8% higher, 10-34-0 is 13% more expensive, urea is 27% higher, DAP is 46% more expensive and MAP is 49% higher compared to last year.

DTN collects roughly 1,700 retail fertilizer bids from 310 retailer locations weekly. Not all fertilizer prices change each week. Prices are subject to change at any time.

DTN Pro Grains subscribers can find current retail fertilizer price in the DTN Fertilizer Index on the Fertilizer page under Farm Business.

Retail fertilizer charts dating back to 2010 are available in the DTN fertilizer segment. The charts included cost of N/lb., DAP, MAP, potash, urea, 10-34-0, anhydrous, UAN28 and UAN32.

DRY
Date Range	DAP	MAP	POTASH	UREA
Feb 17-21 2020	410	435	373	361
Mar 16-20 2020	408	433	370	382
Apr 13-17 2020	410	433	370	384
May 11-15 2020	413	433	370	388
Jun 8-12 2020	406	430	363	367
Jul 6-10 2020	405	427	360	360
Aug 3-7 2020	416	430	357	354
Aug 31-Sep 4 2020	431	442	348	361
Sep 28-Oct 2 2020	439	459	338	362
Oct 26-30 2020	448	477	332	358
Nov 23-27 2020	456	495	337	359
Dec 21-25 2020	474	535	365	363
Jan 18-22 2021	493	563	379	387
Feb 15-19 2021	600	648	404	457

Liquid
Date Range	10-34-0	ANHYD	UAN28	UAN32
Feb 17-21 2020	464	490	235	277
Mar 16-20 2020	466	491	235	278
Apr 13-17 2020	468	492	236	279
May 11-15 2020	468	492	237	280
Jun 8-12 2020	468	472	235	276
Jul 6-10 2020	467	461	233	272
Aug 3-7 2020	465	455	222	262
Aug 31-Sep 4 2020	459	436	216	254
Sep 28-Oct 2 2020	457	424	212	250
Oct 26-30 2020	456	423	209	249
Nov 23-27 2020	457	424	210	249
Dec 21-25 2020	463	461	210	250
Jan 18-22 2021	481	482	215	251
Feb 15-19 2021	522	530	245	288