Nigeria

Country Overview

Fertilizer Market

Fertilizer Prices

Market Comments

OCTOBER 2017

Market Comments

The Mokwa bridge which connects the south and the ports of Lagos to the northern part of the country collapsed about 2 months ago which has led to increases in the price of some imported fertilizer. This was the case for NPK 15-15-15, whose retail price increased by 500 NGN. Average wholesale prices rose from NGN 6800 to NGN 7500 in northern Nigeria, as trucks now ply longer routes to reach the northern part of Nigeria from the ports. The Presidential Fertilizer Initiative have not been left out as factory prices of finished NPK 20-10-10 now have to sell at 5500 as against 5000 NGN in most cases.

Urea prices have not been affected as the truck routes from Eleme, South-south Nigeria differ. Factory price of UREA dropped to 5800 NGN from 6000 NGN for Indorama, who claim that this reflects the period between harvest and Irrigation farming.

According to fertilizer market sources, apart from disruptions in the transportation of fertilizers from Lagos ports to northern Nigeria where up to 70% of fertilizers in Nigeria is consumed, delays in berthing of vessels arriving at Lagos ports increased the costs of fertilizers at retail market. According to experts, the delays were caused by importation of maize by OLAM (6-8 vessels of 40 ft containers). The eight vessels put a lot of pressure on the 5 berths working at the ports.


Sales trend (Comparisons from September to October)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

 Edo NPK 15 15 15

Urea

Kano NPK 15 15 15

NPK 20 10 10

Urea

 Kwara NPK 15 15 15

NPK 20 10 10

Urea

 Niger NPK 20 10 10

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Aug-17 Sep-17 Oct-17 Aug-17 Sep-17 Oct-17 Aug-17 Sep-17 Oct-17
Anambra com 9750 9500 8250 5500 8200 8750 8000 7500 7750
Benue com 8000 8500 8000 7000 7900 6100 8300 7400 7475
Delta com 6850 8000 8000 12500 7625 7500 7500
Edo com 7850 8000 8000 6000 10000 7650 8000
Kano com 8000 8500 8500 8000 8500 8500 10000 7100 7000
Kwara com 7600 7500 7500 6700 7000 6750 9000 7000 7500
Lagos com 8000 7500 10000 8000 8500
Niger com 6500 6000 6000 5500 5500 7350 6600 7000
Ondo com 8000 7000 6000 7500 6000 6000 8000 7500

SEPTEMBER 2017

Market Comments

The price of urea remained stable at the retail market through the 2017 wet season at 7500 NGN. Same can be said of the price of urea at the factory gate at 6000 NGN for Indorama and 6500 NGN for Notore. The challenges of inadequate number of haulage trucks, tracking of all UREA supplies by the office of the National Security Adviser to avoid market diverts and the ban on importation of urea was not enough to destabilize urea prices this 2017 wet season

Currently, NPK 27-13-13 is the most expensive NPK brand in the retail market. The major and only blender of this product is Golden Fertilizers. According to Golden, DAP constitute 50% of the fertilizer type and is currently expensive in the market. This brand of fertilizers is particularly used for maize crops in the south eastern part of Nigeria.

 


Sales trend (Comparisons from August to September)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

 Edo NPK 15 15 15

Urea

Kano NPK 15 15 15

NPK 20 10 10

Urea

 Kwara NPK 15 15 15

NPK 20 10 10

Urea

 Niger NPK 20 10 10

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type July-17 Aug-17 Sep-17 July-17 Aug-17 Sep-17 July-17 Aug-17 Sep-17
Anambra com 8000 9750 9500 6000 5500 8200 7500 8000 7500
Benue com 8000 8000 8500 7500 7000 7900 8300 8300 7400
Delta com 8000 6850 8000 6500 12500 7625 7625 7500
Edo com 8750 7850 8000 6000 6000 7600 10000 7650
Kano com 7700 8000 8500 6000 8000 8500 7200 10000 7100
Kwara com 7000 7600 7500 6000 6700 7000 7600 9000 7000
Lagos com 7250 8000 7500  7500 8000 8000
Niger com 7250 6500 7500 6000 5500 8250 7350 6600
Ondo com 7500 8000 7000 7500 7500 6000 7500 8000 7500
Publications

Nigeria Fertilizer Statistics Overview 2015        2016 AFO CountrySTAT FTWG Workshop Ghana Nigeria (Nasarawa, May 2016)        The Fertilizer Supply Chain in Nigeria           FUBC Nigeria final report 2013         West Africa Fertilizer Report Nigeria 2013      Agricultural Input Markets in Nigeria An Assessment and A Strategy for Development (IFDC, IITA, WARDA)           Constraints to Fertilizer Use in Nigeria