Nigeria

Country Overview

Fertilizer Market

Fertilizer Prices

Market Comments

OCTOBER 2020

Market Comments

The report for October shows that fertilizer products are available in most regions across the country, but demand has dropped, compared to previous months. Demand has dropped because the country is at the end of the farming season. The price of fertilizer at this time is expected to drop significantly, but high cost of transportation is influencing prices in some regions. Urea and some NPK fertilizers are available across the country.

The Nigeria Sovereign Investment Authority is auditing blending plants that participated in the wet season Presidential Fertilizer Initiative program in preparation for the dry season. The program plans to produce for dry season farming so has started the supply of raw materials to some blending plants.

South West: NPK 15 15 15, Urea, and NPK 20 10 10 are available in varying quantities. According to agrodealers, there is demand for tree crop fertilizers. Fertilizer sales are still ongoing particularly for farmers involved in late farming, but prices have been decreasing due to the fall in demand. Farmers are happy with outputs from their farms. According to them, the fertilizer supplied for this farming season is of good quality, despite the initial scarcity observed.

South East: All fertilizer products are available in the market. Though demand was stable due to frequent rainfall last three weeks, it cannot be compared to previous months when the farming season was at its peak. Farmers are still complaining about prices, which they expected it to have dropped because the farming season is almost over.

South South: Fertilizer prices are unstable. Urea and NPK brands are available except for NPK 12 12 17 + 2MgO. Sale for the month was low because of low farming activities in the region because most farmers are harvesting their produce. According to farmers, the fertilizer products they used during the farming season were of good quality.

North Central: According to agrodealers in this region, transportation costs account for high prices of fertilizer products, despite the decrease in demand. Patronage of the products is being made mainly by farmers who are engaged in late farming as well as dry season farming.

 

North East: Fertilizers are generally available in the market. There are no remarkable price differences from previous months. Patronage has, however, dropped because the rains have stopped and many farmers no longer require fertilizer products for their farms, except dry season farmers. The expected fall in prices has not happened because of increasing transportation costs that were passed on to the products.

North West: Fertilizer prices are dropping, so products are generally available. Despite the drop in prices, sales are low because farming activities have significantly reduced.



SEPTEMBER 2020

Market Comments

The report for September shows a quite stable fertilizer market, though demand has been decreasing due to the end of the farming season. There are, however, some farmers who are still purchasing fertilizers for dry season farming, especially those who could not get inputs or were affected by floods in some parts of the country.

Over the last couple of weeks, fertilizer production and supplies have been consistent but the gradual decrease in demand has resulted in surpluses in the market, causing a sharp decrease in prices. The Presidential Fertilizer Initiative has also continued to produce and supply all its backlog, in addition to producing for dry season farmers.

South West: Demand is now stable and might start decreasing gradually for most products in the market, as some farmers are preparing to harvest. Prices have been stable for some products but have been declining for others. Some farmers who undertake dry season farming will soon commence purchasing fertilizers. This is expected to maintain a level of demand for fertilizers.

South East: The season is gradually winding up, and demand for fertilizers is expected to be decreasing. Products are available in the market but very few farmers practice dry season farming, so activities in the fertilizer market are expected to be reducing till the next farming season.

South South: There is a decrease in fertilizer prices as demand has been on a steady decline because the season is gradually winding up, even though the rains are still falling. Agrodealers are optimistic about sales continuing, as some of them got their fertilizer products late into the planting season and could not sell enough NPKs. Urea is still insufficient in the region.

North Central:  The fertilizer market has witnessed a decrease in demand, resulting in price decreases because there is now more supply than demand. Some farmers are already counting their losses due to the floods that have taken over their farms. Such farmers may participate in dry season farming to compensate for their losses.

 

North East: Restrictions on fertilizers are still in place, but the products are available on the market. The gradual drop in rainfall is making farmers reduce the quantity of fertilizers they purchase.

North West: Prices of available fertilizer brands have decreased compared to the previous month. Fertilizer supplies have increased despite decreased demand from farmers. The continued falling in price of fertilizer was attributed to low demand by farmers, which is because of the season winding up. Dry season farming is practiced in this region, so it is expected that the fertilizer market would still be active but not as much as the major farming season.



AUGUST 2020

Market Comments

The report for August shows that the fertilizer market is unstable because of high costs of transportation, insufficient quantities, and high fertilizer prices. Even though there is a steady demand for fertilizer, product availability became an issue to meet the demand. Suppliers are continuously pushing fertilizer products on the market. Price increases continued in August especially for Urea products despite the commencement of supply by producers after the temporal shutdown of the Urea production companies a few months ago.
The Presidential Fertilizer Initiative (PFI) NPK production and supply has continued in the market but demand is gradually decreasing due to the gradual end of the farming season across the country. Most farmers are just applying top dressing to increase their yields, while others are preparing to harvest their products.
South West: In this region, demand for fertilizer was average despite increasing prices, which was triggered by scarcity. NPK fertilizer prices seem to be more stable after the continuous supply of the PFI products into the market, but Urea fertilizer prices remained high due to demand (top dressing) and shortfall of supply. Although the season is also winding up in this region, some farmers are still procuring fertilizers for off-season farming and for their tree crops.
South East: Despite the availability of fertilizers in this region, the high cost of the products in other regions has affected the prices. Due to the high prices, farmers in this region are reducing the quantity they purchase. However, the continuous production and the gradual end of the season is reducing demand and stabilizing the NPK prices. It is most likely that prices will begin going down in the coming months.
South South: Though fertilizers are available in this region, they are not sufficient to meet the demand leading to increases in prices in the market, especially for Urea fertilizers. This trend might change next month because of the continuous supplies onto the market.
North Central: According to agrodealers in this region, the cost of fertilizer is still high, and this is because of scarcity and high costs of transportation. Even though these fertilizers are now more available in the market when compared to last month, farmers still buy limited quantities because of high cost.
North East: Fertilizer products are still scarce in the market in this region and the prices are still high. Demand is gradually at its peak and might start to decrease from next month, especially for NPK products, as some farmers are preparing to harvest their products.
North West: In this region, fertilizer prices have remained unstable, changing from one week to another. Urea prices are rising because farmers are applying top dressing fertilizers.



JULY 2020

Market Comments

The report for the month of July indicates that demand for fertilizer is increasing, despite the increase in the price of fertilizer across the country. The temporal scarcity of fertilizer products in the markets has triggered the increase in prices as previously reported. The supply of Urea by Indorama has kick-started after the temporal shutdown of the factory due to COVID-19 cases. Resumption of production of Urea is expected to improve supply to the market and tackle the issue of Urea and locally produced NPK scarcity.

South West: With increase in rainfall around the region, demand for fertilizer is increasing. Despite the increase in the price of fertilizer in the region due to scarcity, farmers are still buying the fertilizer.

South East: The rains are fully established in this region, causing demand for fertilizers by farmers. Though fertilizers are available in the market in this region, the general scarcity of the products in other markets in the country has caused price increases in this region, especially the price of Urea. Farmers in this region are therefore reducing the quantity they purchase due to the high prices

South South: Though fertilizers are available in this region, they are not sufficient to meet the demand. This has led to price increases. Some Government agencies in the south-south area are distributing inputs to ameliorate the effect of the high prices on farmers.

North Central: According to agrodealers in this region, the cost of fertilizer is high, and this is because of scarcity and high cost of transportation. Even though these fertilizers are averagely available in the market, farmers buy limited quantities because of the high cost. Report has it that NPK 12 12 17+2MgO and SSP fertilizers are largely available while the others are averagely available.

North East: According to the report from this region, fertilizer products are scarce in the market and this has caused price increases.  Demand is also on the rise as the scarcity persists, but in one of the states in the region, the government has distributed fertilizer and other inputs as loan (in kind and cash) to soybean farmers to boost their production.

North West: In this region, prices of fertilizers are unstable. Sales are fairly good, but prices are high due to scarcity. Farmers have been purchasing fertilizers according to what they can afford and not what they need. Urea prices especially is on the rise, as farmers are applying top dressing fertilizers which has triggered the demand for Urea.



JUNE 2020

Market Comments

The report for the month of June indicates that demand for fertilizer has increased amidst increasing fertilizer prices, at a time that the Government is easing the initial lockdown put in place because of the fight against the COVID 19 pandemic. The Presidential Fertilizer Initiative (PFI) NPK fertilizers were averagely available in the market which caused some agrodealers to sell above the government allocated prices.

The temporal scarcity of both the PFI and open market NPK fertilizers was caused by the temporal shutting down of the two Urea production companies a few weeks ago, as previously reported. This temporal closure which was due to machine maintenance and COVID-19 related cases triggered a gap in the supply of Urea both for farming and blending, resulting in the scarcity, and the subsequent increases in fertilizer prices.

However, with Urea production expected to be restored in July, we are optimistic that blending production should resume, especially for blending plants which have shut down production because of Urea unavailability. Once the Urea production and supply to the market resumes, it should either stabilize the fertilizer prices or reduce it in the market.

Notore Chemical has also commenced production and supply of various types of NPK fertilizers into the market. This is expected to further increase the quantity of NPK fertilizer produced in the country.

South West: Due to increased rainfall in this region, agrodealers are reporting an increase in fertilizer demand, even though prices are also on the increase for Urea and some NPK brands, because of the temporal shutdown of Urea production. Despite the price increases, report has it that farmers are still patronizing agrodealers’ shops to purchase fertilizers, even though they now limit the quantity they purchase.

South East: Fertilizer sales are ongoing in this region and farmers are patronizing the agrodealers as the cropping season is ongoing. According to agrodealers, there is increase in patronage of fertilizer even though fertilizer prices are high. Fertilizers are gradually being made available to agrodealers, especially since the easing of the lockdown. The major issues faced in this region are the scarcity of products and the increased prices of the product, especially the PFI products.

South South: Fertilizers are available in the market in this region, but prices are still high, which was attributed to high cost of transportation, because of the COVID-19 movement restriction. However, with the recent easing of interstate movement restrictions, it is expected that transport costs would decrease.

North Central: In this region, fertilizers are averagely available. NPK 15 15 15, NPK 20 10 10, NPK 12 12 17+2MgO and Urea were the available fertilizers. According to agrodealers, easing of the lockdown in the region, caused by the COVID 19, has enable them to purchase enough fertilizer products for their state. Farmers were able to access and purchase fertilizers unlike the previous month, although the prices of fertilizers are still high.

North East: According to the report from this region, fertilizers are available in the market, but the prices are high. Reports show that some agrodealers took advantage of the COVID 19 pandemic period to hike prices of fertilizers. In addition, the scarcity of Urea also affected the availability of the products making them too expensive for farmers.

North West: In this region, fertilizer is scarce now in the market even though the lockdown has been eased. Only NPK 20 10 10 and Urea are still available but are extremely expensive. According to agrodealers, suppliers have promised improved supplies anytime soon.



MAY 2020

Market Comments

Reports show that demand for fertilizer is on the increase despite various COVID 19-related restrictions across the country. Fertilizer production for the Presidential Fertilizer Initiative (PFI) has commenced fully and products have been supplied to most markets in the country. However, NPK 15 15 15 is still expensive due to its scarcity and high demand by farmers. Increases in transportation costs have also contributed to increases in prices of fertilizer products. Gradually, the fertilizer business is getting back on track because restrictions are being eased in some states.

South West: According to agrodealers in this region, sale of fertilizers is ongoing, but patronage is low compared to same period last season. In some states in this region, sales are beginning to improve due to easing of restrictions and the continuous increase in rainfall. NPK 20 10 10 fertilizer is still the predominantly available fertilizer in this region compared to other products.

South East: According to reports, there is low patronage of fertilizer products. Farmers are complaining of price increases due to scarcity of the product on the market. The price of NPK 15 15 15, for instance, is high because of low supplies to the market. Prices are expected to go down soon due to supplies being made by the PFI into the markets, as well as the gradual easing of movement restrictions.

South South: Fertilizer prices in this region are also affected by the COVID-19 restrictions, but the market is gradually returning to normal as restrictions are being lifted. In most cases, transportation costs affect fertilizer availability and prices in this region. Farmers are willing to buy the fertilizers, but the price hike is preventing them from getting the quantity they require, so they end up buying the quantity they can afford. NPK 15 15 15 is, however, not available in the market.

North Central: Reports from this region show that demand for fertilizer has increased, as the rains have remained constant in the past few weeks. Some fertilizers are scarce especially the NPK 15 15 15, but the recent supply of the PFI into the markets is expected to ease the scarcity and stop the price hike.

North East: Except for NPK 15 15 15 which is still scarce, fertilizers are still available in the market despite restrictions. Prices are, however, high compared to other regions in the country.

North West: With restrictions now being eased, the fertilizer market is bouncing back, but NPK 15 15 15 is still scarce and expensive. PFI products are available in the market, even though they are yet to start selling at government approved prices.



APRIL 2020

Market Comments

The report for the month of April across the country shows that demand for fertilizer has dropped due to the lockdown, because of the COVID-19 pandemic in the country. In some regions, sales of fertilizers are still ongoing especially in some parts of the north where the lockdown is yet to be implemented (as at the time of writing this report). The drop in demand for fertilizers was due to several reasons including wholesalers and retailers not having access to their stores; issues of increased difficulties in logistics; and farmers not getting fertilizers from retailers since stores are closed and are opened only during the days of free movement. Lack of banking operations during this period is also hampering many activities in relation to agriculture, thereby limiting the purchasing power of actors in the agricultural value chain, including agrodealers and farmers.

The production of the Presidential Fertilizer Initiative (PFI), which targets about 600,000MT this year, has started in most parts of the country. However, the price reduction to N5000 from N5500 by the President to cushion the effect of COVID-19 to farmers is yet to take effect in the local retail stores. Reports all over show that retailers are still selling at N5,500 and above.

South West: According to agrodealers, in some states in this region, sales of fertilizer are still ongoing, and prices are normal for some products. Even though demand is low because of COVID 19, it is increasing gradually.

South East: According to agrodealers, the sale of fertilizer has drastically reduced because it is difficult to access some fertilizer products as a result of the lockdown, since some of the products come from states that are already under lockdown. Prices of fertilizers are increasing due to scarcity and the high cost of transportation in the region. There are also reports of low sales because market open only twice a week due to the COVID 19 pandemic in the region.

South South: Agrodealers in these states reported that the lockdown in the region is seriously affecting their sales, because it is very difficult to access and open their stores. This is hindering farmers from buying. It was also reported that when farmers eventually buy, they tend to buy little quantities that they can carry, because transportation costs have increased. Most of the products are available in the market.

North Central: Reports from this region show that demand for fertilizers is still not as expected because farmers in the region are still preparing their fields for the commencement of the rainy season. There are reports of scarcity of some brands of fertilizers especially NPK 15 15 15, which is causing increases in prices. There are reports that PFI would soon commence distribution of its products.

North East: According to agrodealers, most of the fertilizer products are available in the market but there are slight increases in prices of Urea and NPK 15 15 15. At the moment, there is a slow increase in fertilizer sales because of the present pandemic in the country.  

North West: According to agrodealers, there are various movement restrictions due to the lockdown in various states in this region and they are only allowed to open their shops for only the number of days that movements are allowed. This has led to some products being scarce in the market and the dramatic price increases of products, especially NPK 15 15 15. Reports also have it that PFI products are available in the market but have not started selling at the current officially approved prices. Some state governments in this region have also promised to make fertilizer available to farmers in their states, on a special arrangement.



MARCH 2020

Market Comments

In the month of March, reports indicated that demand is gradually improving as farmers are gearing up to take advantage of the early rains. There were also reports of unavailability of some products in the markets, which led to price fluctuations.

The much-anticipated fertilizer production under the Presidential Fertilizer Initiative program is expected to commence blending of fertilizer before the end of April 2020, because the last raw material needed for blending should have been distributed by then, provided the partial closure of some activities due to the Corona virus doesn’t escalate to a point of full closure of the roads from the ports.

South west: According to agrodealers, fertilizer demand has been gradually picking up as more and more towns are experiencing more rainfall. However, in the recent week, there have been lower patronage, because the government is trying to scale down on religious, economic and market activities due to the high number of cases of the COVID-19.

South East: The market in this region appears to be stable, even though the volume of sales hasn’t really changed. Agrodealers attributed this to the insecurity in that region which is affecting farmers. There are indications that the government has been discussing how to efficiently mitigate against the security challenges to avoid food shortage.

South South: Report has it that farmers are preparing for the farming season. However, because there is no NPK 15 15 15 in the market, farmers are now relying on NPK 27 13 13, though that is also scarce in the market. Where they are eventually found, the prices are always too high for farmers to purchase.

North Central: According to reports, fertilizer sales have gradually picked up in this region, although farmers have not fully commenced farming due to the skeletal rainfall. Some farmers have been buying available fertilizers, while others are waiting for the commencement of the PFI distribution before they buy fertilizers, because they believe prices would be more affordable during that time.

North East: Despite the continuous restrictions, which has resulted in high costs of fertilizers, demand is increasing, and farmers are still buying in preparation for the farming season which should start soon in this region.

North West:  According to latest reports, PFI fertilizers are still scarce in the market even though production hasn’t commenced. However, there are other brands of fertilizers available in this region, but at higher prices, especially the compound NPK 15 15 15. Also, it was observed that prices of fertilizers are no longer stable due to low supply in the market as a result of none production by most of the fertilizer companies.



FEBRUARY 2020

Market Comments

Generally, as agrodealers are gradually getting ready for another farming season, fertilizer prices are beginning to increase in most parts of the country, because some farmers are already purchasing fertilizers to avoid a possible price increase during the peak of the season. This, coupled with purchases for some dry season farming, is causing some of the price increases being observed. Blenders interviewed are optimistic of fertilizer availability, especially those that are participating in the PFI, as they look forward to starting production soon.

South west: Fertilizer brands available in the market are NPK 10:10:10 and Urea. While the chemical blend of NPK 15:15:15 is scarce, the physical blended NPK 15 15 15 is available. For now, agrodealers are not recording significant changes in the volume of fertilizers sold. They acknowledged that sales are beginning to pick up.

South East: Prices in this region are stable and quantities demanded are still low, as farmers here are known for using low quantity of fertilizers due to the presumed quality of their soils. However, dealers in this region are stocking their shops and are optimistic that more fertilizers would be sold this year as compared to last year.

South South: Reports show that fertilizer products are available but NPK 15:15:15, NPK 27-13-13, and NPK 12-12-17+2MgO are scarce. Farmers have started clearing their land in preparation for the season, as they expect that the rains would come earlier this year. Agrodealers also reported that the cases of adulterated fertilizers have been on a steady decline in this region.

North Central: Low patronage has made some agrodealers close their shops, but there are indications that farmers are clearing their fields and are getting ready to start purchasing fertilizers before the prices start increasing significantly. For now, the prices of fertilizers are relatively stable.

North East: Reports have it that despite fertilizer restrictions in this region, farmers are still able to buy fertilizers in the market. However, it can be observed that organic fertilizers and other NP fertilizers are gradually being accepted by farmers. Efforts are still ongoing to open the fertilizer market in this region.

North West:  It is reported that PFI fertilizers are gradually becoming scarce in this region because agrodealers are selling those fertilizers to other regions in anticipation for the commencement of PFI productions. Although some other brands of fertilizers are still available in the market, the prices are on the increase due to the unavailability of the PFI fertilizers.



JANUARY 2020

Market Comments

The report for the month of January on price and availability of fertilizer in the market shows that patronage of fertilizer across the country is low. Majority of the farmers patronizing the fertilizer market currently are mostly the dry season farmers. There are reports that the Presidential Fertilizer Initiative has commenced distribution of raw materials to various blending plants in preparation for the blending of NPK fertilizers for the 2020 farming season.

South West: The brands of fertilizer in the market are mostly NPK 20:10:10, and Urea, while NPK 27:13:13 and 15:1515 are still scarce in the market. The demand for fertilizers generally in this region is low now because of the dry season, as farmers are preparing themselves towards the rainy season.

South East: The market has been stable in this region due to the season, as only irrigation farmers are still active in the field, although some agrodealers have been stockpiling their shops in anticipation for a higher price next farming season.

South South: Fertilizers are generally available in this region, especially for those farmers who are active in dry season farming, but reports have it that most of the agrodealer shops were closed, while others have stockpiled fertilizers in anticipation of a better planting season this year.

 

North Central: Just like previous reports, more agrodealer shops are gradually closing due to the low patronage of the products. However, prices and products have been relatively stable and available despite the few shops still selling fertilizers.

North East: The availability and prices of fertilizers has not significantly changed from what was reported last month. Some dealers are optimistic that the season would begin earlier this year, to compensate for the scarcity of fertilizers experienced last year.

North West:  Reports have it that fertilizers are still available in the market. Most of the fertilizers found in the market are NPK 20: 10: 10 and Urea, while NPK 15:15:15 is still scarce. Dealers have reported an average sale in terms of volumes amidst stable prices generally.



DECEMBER 2019

Market Comments

The report for the month of December showed that prices of fertilizers have been relatively stable or slightly lower in some parts of the country. This is due to low patronage of fertilizers during the dry season, because most Nigerian farmers practise rain-fed agriculture with just a few engaged in dry season farming.

South West: Prices have been stable this month compared to last month despite low demand. The price of NPK 15 15 15 has also reduced because only irrigation farmers are currently farming during the dry season.

South East: Agro dealers have been experiencing low patronage of fertilizers due to the dry season. Prices have also been reducing in most places covered. Some agro dealers have been stockpiling in anticipation of higher prices next farming season.

South South: In this region, prices were also stable in most parts, but relatively high compared to other parts of the country. However, fertilizers are generally available, especially for those farmers who are active in dry season farming, to compensate for the loss they incurred during the flooding that occurred earlier in the year.

North Central:  Many agro dealers are closing their shops because of the low patronage in the market, as a result of the commencement of the dry season. Prices are relatively stable despite complaints of low patronage.

North East: The price and brands of fertilizer in the market remain the same last month, aside from SSP which is scarce. Fertilizer sales have remained low due to the dry season.

North West: The demand for fertilizer by farmers continuously declined, which was attributed to the dry season. However, there are reports that some farmers are preparing for dry season farming.



NOVEMBER 2019

Market Comments

In most part of the country, prices of fertilizers have been generally stable, amidst scarcity and low demand of the product due to end of the raining season. However, some locations are reporting slight increment in prices especially for the NPK 15 15 15 fertilizers, which can be attributed to its scarcity and the unwillingness of some agro dealers to sell the few remaining products, but to keep them in anticipation of higher prices next year, especially during the farming season.

Also, it has been reported in some states that fertilizer products distributed by National Emergency Management Agent (NEMA) had started round tripping into the open market, which is expected to further affect prices in those locations.

South west: Prices generally have been stable in this region, compared to last month, except prices of NPK 15 15 15 which are either stable or are increasing. The only challenge is low demand for fertilizers,

South East: According to reports, there have been low patronage of fertilizer and this was attributed to high costs, which hindered farmers from purchasing the products. This is also expected to significantly affect volumes of harvests this year.

South South: In this region prices of all fertilizer types have been increasing slightly, particularly the Golden brands. In some cases, only old stocks are available for sale in the market due to low production of fertilizers this year. The demand has been low because of the effect of flooding in most parts of the State during the farming period. However, some farmers are preparing for dry season farming to compensate for what they lost during the rainy season.

North Central: There is low patronage of fertilizer in the market in this region, and this has prompted some agro dealers to close their shops for now, to be reopen during the next farming season. Although prices in the North Central have been stable, there are complaints of low patronage.

North East: Prices and the brands of fertilizer in the market remain the same as last month. The NPK 15:15:15 product is still not available in the market, amidst reports of round tripping of the NEMA fertilizers (distributed to the camps of Internally Displaced Persons) into the open market.

North West: The demand for fertilizers by farmers has dropped due to end of the cropping season. Farmers are now harvesting, but agro dealers are hopeful that when dry season farming activities commence, sales would pick up.



OCTOBER 2019

Market Comments

There is generally a low demand and a stable price of fertilizer across the country due to off season period, with the exception of South-South region where farmers are now preparing for the farming season, due to the floods they experienced during the peak period of the rainy season. Just as in the previous month, NPK 15:15:15 fertilizers are still expensive due to scarcity in the market. However, farmers were optimistic of a better farming season next year, due to the closure of the Nigerian boarders, which would create market for the farmers and prevent the stiff competition posed by imported food commodities.
South west: The availability of fertilizers has not changed from what was previously reported. As the season gradually rounds off, prices of fertilizer remained stable or slightly decreased, aside from NPK 15:15:15 which is still relatively high compared to other products due to its scarcity, but also gradually decreasing in price due to reduced demand.
South East: Despite the availability of fertilizers in this region, reports have it that farmers are generally not interested in the purchase of fertilizers because of the price and have turned to other home manure method as an alternative to the use of chemical fertilizers.
South South: The average price of fertilizer is stable due to the level of demand, but some reports have it that farmers are planning to engage more in dry season farming to compensate for the losses they incurred as a result of the flood that occurred in the region.
North Central: The price of fertilizer is stable with no case of adulteration of products. There is low patronage from farmers due to the winding up of the rainy season, though the fertilizer market has witnessed a reduction in demand lately.
North East: This region has suffered the most this year in terms of fertilizer availability and affordability, due to the restrictions of fertilizers to this region. This has significantly increased prices of the fertilizers wherever they are found in the region. However, the demand has now dropped due to the continuous decline of the rains.

North West: Fertilizer prices are stable and the average demand has slightly reduced, as this region is still witnessing consistent rain fall, despite its location. Farmers in this region were reported to have been excited about the closure of the boarders. They are optimistic that their produce would have a market to be sold and would not be hindered by cheaper imported commodities. Some of the farmers were also reported to be optimistic about going into dry season farming to capitalize on the availability of market as a result of the boarder closure.



SEPTEMBER 2019

Market Comments

Generally, it can be observed that there is slight reduction in prices of fertilizers in most parts of the country, even though some part are still recording high prices due to the level of demand, which is as a result of the farming season gradually coming to an end, especially in the north part of the country that does a lot of farming. Agrodealers in those parts of the country are reducing their profit margin on fertilizer bags in order to encourage purchases from farmers and to prevent too much carryover stocks in their shops, which might not be properly kept before the next farming season.
South west: Availability of the fertilizers have improved as prices have also reduced when compared to previous month. In some area there is no improvement in fertilizer supply, except those who are enjoying NIRSAL facilities. The State Governments are also responding to the plight of farmers by ensuring that the PFI fertilizers are sold at the stipulated price of #5,500
South East: Report has it that farmers in this region are currently registering for collection of fertilizers and other agro-inputs from the National Emergency Management Agency (NEMA) through the state ministry of agriculture. They are to register and get new farmers identity cards, which will enable them collect the fertilizer and other agro-inputs. Although fertilizers are available in the open market but demand has reduced, due to expectations of fertilizers from NEMA.
South South: There is decrease in fertilizer prices as demand has been on a steady decline, this was due to the excessive rain falls that caused flooding in most part of the region. Although there are indications that once the rains reduce and the flood subsides, farmers would still cultivate. This is why agro dealers are still optimistic that demand would still increase for fertilizers in that region and prices might return to being high, depending on the level of demand.
North Central: There is high demand of NPK fertilizers in the market, but despite the high demand the price of NPK fertilizer even though high, are beginning to stabilize, as farmers are gradually beginning the application of top dressing of their crops with Urea which is relatively available when compared to NPK fertilizers. In the coming weeks, it is expected that the prices of Urea would be on the increase in this region due to top dressing application by farmers.
North East: The price of fertilizer is going down when compared with previous months, as demand has begun to reduce due to the gradual end of the raining season in that region. Although the restriction of fertilizer supply is still enforced in that location, farmers where still able to get some fertilizer despite increment in fertilizer prices due to scarcity as a result of the restrictions. However, it is being reported that the NPK fertilizers recently purchased by NEMA from the PFI is available to IDP’s who are mostly farmers.

North West: Fertilizers are available in the markets and prices are reducing especially as farmers are now applying top dressing and Agrodealers selling at reduced margins to avoid having too much carryover stocks.



AUGUST 2019

Market Comments

Report gathered shows that all over the country there is high demand for fertilizers, which is fairly available due to the limited supply, especially for NPK fertilizer blends. This has led to a general increase in price of NPK fertilizer blends, while Urea fertilizer prices remains relatively stable and available. This situation invariably would lead to lower consumption of fertilizers by farmers, as only few farmers who were able to afford the fertilizers made purchases for their farms.
South west: The limited supply of NPK fertilizers still persist in this region despite the available demand. This has led to continuous increase in price which is expected to affect fertilizer consumption and food production negatively, as this tends to discourage farmers from increasing the size of hectarage they cultivate.
South East: Fertilizers are fairly available in this region owing to the fact the fertilizer use in this part of the country has been historically low. However, fertilizer prices have also continued to increase in this region, especially as availability continues to dwindle.
South South: Agro-dealers in this region are complaining of low patronage due to high prices of fertilizers, even though not much farming activities takes place in this region when compared to other parts of the country. Also, the steady rain fall is beginning to cause flooding in some areas in this region.
North Central: There is high demand of NPK fertilizers in the market, but despite the high demand the price of NPK fertilizer even though high, are beginning to stabilize, as farmers are gradually beginning the application of top dressing of their crops with Urea which is relatively available when compared to NPK fertilizers. In the coming weeks, it is expected that the prices of Urea would be on the increase in this region due to top dressing application by farmers on their crops.
North East: Due to the fertilizer restrictions imposed in this region by security operatives, fertilizer supply has been very low, especially the Urea and NPK brands. However, it is being reported that the NPK fertilizers recently purchased by NEMA from the PFI is available to IDP’s who are mostly farmers. This is expected to reduce the scarcity of NPK fertilizers in this region.



JULY 2019

Market Comments

Report has it that all over the country there is limited supply of agro inputs in the market which has led to an increase in the price of fertilizer. This may be connected to the recent purchase made by National Emergency Management Agency (NEMA), where they Procured 90,000MT NPK fertilizers from PFI blending plants for distributions to IDP camps and crisis prone areas. This is in addition to the already fragile market that was suffering from the import ban of finished NPK and forex restriction on fertilizers amidst other security challenges. Despite the increase in price, farmers are still purchasing the fertilizer though complaining of the high cost of the products and are soliciting government intervention and reduction in the price. Also, there has been reported increase in demand for NPK 15 15 15 by farmers.
South west: There is limited supply of agro inputs in this region, and this has affected dealer’s participation in the sales of fertilizers which was reported to be low, and making the distribution of product less competitive in terms of price. The high prices of product are negatively affecting the productivity and tends to discourage farmers from farming large area of land this season.
South East: There is increase in the demand of fertilizer. The farmers reported that even though they have fertilizers available in that region, the price has continued to increase which is making it difficult for them to buy sufficient quantities they require.
South South: Although not much farming activities takes place in this region when compared to other part of the country, fertilizers are available and are being sold to farmers. Also due to the early commencement of rain fall in this region, some of the farmers have already started harvesting their maize crops.
North Central: Fertilizer demand was reported to be on the increase now that the season is at its peak of farming activities, as farmers are patronizing the agro dealers’ shops on a daily basis, despite the reported increase in prices. Although it is being reported that some of the state government in this region have purchased and distributed fertilizers to some of their farmers.
North West: Prices of fertilizer has increased because of high demand as a result of increased farm activities. In terms of availability, only NPK 20 10 10 is available. However, despite the continuous increase in prices, farmers are still purchasing the products relative to the availability of funds. In general, Fertilizer in the market are of good quality, even though the quantities available are reducing gradually, which is resulting into continuous price increase due to gradual scarcity.
North East: Due to the fertilizer restrictions imposed in this region by security operatives, fertilizer supply has been very low, especially the Urea and NPK brands. As a result, Agrodealers have to source for fertilizers from other neighboring states in order to ensure the survival of their business. This has negatively affected the farmers, but the adequate rainfall encouraged farming activities despite the scarcity and the high cost of fertilizers.



JUNE 2019

Market Comments

Report has it that all over the country there is increase in the sales volume of fertilizer which is expected since we are entering fully into the raining season. Although fertilizers are available in the market but farmers are complaining of the price of the fertilizers and are seeking for reduction in the price of the product.
To further add to the production capacity and the quantity NPK fertilizers produced in the country, Matrix fertilizer company a new blending plant had started production of soil specific fertilizer of NPK 20:10:10+ Ca+S+Zn and NPK 20:5:10+Ca+S+Zn for Nigerian market, as their products have been sighted in the northwest region Markets. In the same vein, report has it that Notore blending plant will soon commence production of NPK for the Nigerian market.
South west: all the fertilizers are sufficiently available to be sold to the farmers, but high cost of NPK’s (especially NPK 15 15 15) seriously affecting the purchase of fertilizers in this region.
South East: the marketers affirm patronage of fertilizer at this time, although the farmers are asking for reduction in the price of the fertilizer to enable them purchase more. At present the Agro dealers have stocked their shops with the different varieties of fertilizer in readiness for increased fertilizer demand during the cropping season, as the farmers have begun establishing nursery for rice production.
South South: Report has it that the dealers are distributing good quality fertilizer to the farmers in the state, as most farmers appreciated the quality and availability. However, complained of the increasing price of the commodity which would reduce the quantity they desire to purchase.
North Central: fertilizer patronage is increasing even though price is yet to significantly change as expected. There are reasonable quantities of fertilizer available in various warehouses of the dealers to be sold to the farmers. It is also noted that state government has commenced distribution of fertilizer to the local government across the state at the price of N5,500/50kg bag of NPK 20:10:10. The farmers said they have started seeing more fertilizer in the market, which might be responsible for the steady prices, even though the price is predicted to still increase as the season progresses.
North West: the price of fertilizer product remains the same as of the last report. The average price of NPK 15:15:15 is N8,500 dan lawal is still the only available brand. While NPK 20:10:10 golden and kasco are available at N8,500 and N5,800 respectively. Urea 46% is available for Indorama at N6,800 and notore at N7,000 and SPSS is at N7,000. The market has slowed down a little due to state government fertilizer that is said to be released to farmers at a lower price.
North East: Rainfall is stable and some farmers have started purchasing fertilizer for their use. Report has it that most Agrodealers are requesting the government to intervene concerning the restriction of fertilizers in some part of the region, as sales has not significantly improved.



MAY 2019

Market Comments

All over the country volume of sales are generally picking up as the rains are increasing, however, reports have it that some part of the south are having scarcity of fertilizer supplied to farmers. Also, across the country reports have it that a total of about 75,000MT of NPK 15 15 15 are still available to farmers for purchase, but at a higher price.
Report has it that there is currently scarcity of SSP in the market as the total quantity in the Nigerian market was about 2,400Mt, Agro dealers opined that the import restriction on forex was what hindered the importation of more products. Since its production was suspended some years ago by the manufacturing plant, importation has remained the only source of SSP into the market.
Blenders are still complaining about the continuous increase of raw materials available for blending, as some importers are seizing the opportunity of the forex ban to inflate the prices of the raw materials, this would ultimately increase the end product and the farmers would be at the receiving end when it comes to purchasing the fertilizer.
Specifically:
South West: The southern region of the country, are still complaining of inadequate supply of fertilizers despite the fact that the farming season has fully commenced in that region. They also complained that the only source of them to get products (NPK) now (after the import ban) would be from the blending plants which are majorly situated in the North, and would require some times before the products can get to them in the south west
North Central: There have been improvement in the volume of fertilizers traded as compared to last month, farmers especially cereal farmers are demanding more for NPK fertilizers while Agro dealers are stocking up their stores as the fertilizer market is now picking up.
North East:
Agrodealers in the North East region are currently complaining of the probable reduced sales of fertilizers this year, as a result of the proposed restriction on fertilizers supplied to four states in the North east by the National Security Advisers Office based on security reasons. Only liquid fertilizer or chemical blends of NPK would be allowed to those areas because of the tendency of terrorist to use granulated urea for explosives. Hence the use of organic fertilizers is beginning to gain prominence amongst the farmers in the region.

North West:
Fertilizer sales are picking up in the various fertilizer markets across the region, however there have been several reports about the general increase in fertilizer prices in the region despite its availability. Agro dealers are optimistic that once more supplies are made to the region the prices of the various products should be stable, aside from NPK 15 15 1 5 which seems to be higher in price due to its scarcity
South East:
Fertilizer sales have also been reported to be increasing in the region, however there were also complains of high prices of fertilizers and the inadequate supply of government fertilizers to that region.
South South:
Farmers in these regions are commonly planting roots and tuber crops, although report has it that Urea fertilizers in this region are usually cheaper than the NPK fertilizers due to transport cost, so there hasn’t been much change in the cost of Urea, even though the planting season has started. However, there are available products on ground for farmers to purchase, they are only complaining of the high cost of the fertilizers (NPK’s).



APRIL 2019

Market Comments

All over the country sales have been picking up as demand is gradually improving because of the rains which has gradually started in most part of the country, some farmers in some parts of the country have already begin planting while others are still clearing their farms. Also in most part of the country NPK blends such as 15 15 15 are still scarce and increasing in price, which is attributed to the import ban placed on NPK.
There are also reports from blending plants that due to restriction of forex on fertilizer and related product by the CBN, the raw materials used for blending are also on the increase in the market, which could ultimately lead to higher costs of blended products.
For this season the Rice Farmers Association of Nigeria and Maize farmers association are to blend crop specific fertilizer under the anchor borrowers program of the CBN.
Specifically:
South West: The southern region of the country are experiencing short supply of fertilizer from companies, thereby leading to scarcity of the products. As Companies had started receiving demand request from dealers for supply of products.
North Central: Gradual improvements in sales are being recorded as compared to previous reports, while some dealers have continued stocking up their stores in anticipation for a possible price hike in fertilizer when the season commence fully.
North East:
Insecurity continues to be a problem in this part of the country and farmers are quite hesitant in going back to the farm. However, some Agrodealers are optimistic that once the rains are fully established farmers would farm and fertilizers sales would improve.
Also, there are reports from some Agrodealers that, the security outfit in the country has mandated them to register with an association before they would be allowed to continue trading fertilizers especially Urea fertilizers.
North West:
In this part of the country market activities are gradually picking up, as farmers are purchasing fertilizers in anticipation of the rains, also NPK 20-10-10 is still in abundance in the market unlike NPK 15-15-15 whose prices has remained high due to its scarcity. But Urea prices continued to be stable, which was attributed to constant supply and some discount initiative being implemented by Indorama.
South East:
The rain fall has commenced in this part of the country and demand are gradually picking up. However this part of the country traditionally records low consumption of fertilizers annually.
South South:
Farming activities have started due to the stable rainfall, there are reports of scarcity and increase in price of NPK 15 15 15 in that region. However, some local producer in the region are producing and supplying their own brands of NPK 15 15 15 to the market, but reports has it that farmers are rejecting it because of low quality.



MARCH 2019

Market Comments

Generally sales are low in most places in the country in terms of volume of fertilizers sold, which was attributed to the dry season and state elections being conducted across most states. But they are expected to pick up after the states election as farmers are beginning to prepare for the planting season especially in the southern parts of the country, which is recording gradual improvements in demand for fertilizer and increasing rainfall.

Specifically:
North Central: Low sales continued as previously reported, while some dealers are stocking up their stores in anticipation for the raining season. Some locations in the states are still harvesting their dry season crops, even though elections have greatly marred farming activities, because they were suspended.
North East:
In this part of the country Farmers are currently not patronizing fertilizer purchases because of some recorded cases of insecurity and the rains have not properly started, but when the rains starts, it is expected that fertilizer demand should increase. While other brands such as NPK 15 15 15 are getting scares, Urea prices remained constant.
North West:
Market activities were low because the raining season has not commenced
In this part of the country the prices of NPK 20-10-10 did not change much due to abundance in the market unlike NPK 15-15-15 whose price kept on increasing due to its scarcity, as a result of the import ban.
Urea prices have also remained stable and available, while on the other hand SSP fertilizer prices also recorded some increase.
There have also been a reduction in the quantity of adulterated fertilizer in this part of the country, due to the affordability of some fertilizers such as NPK 20 10 10.
South East:
Fertilizer markets demand in this parts are traditionally low, especially during the dry season, however it is believed that once the rainfall commence fully in various part of the states, the fertilizer market would fully pickup
South South:
There has been reported increase in demand by Agro dealers despite the recorded increment in prices in that region, especially for NPK 15 15 15. Farmers have begun preparation for the planting season
South West:
The rains have commenced in this part of the country, and there has been reports of Agro deealers stocking up their warehouses in anticipation for improved farmers demand for Fertilizers. While farmers are beginning to prepare their land for the early planting season, it is expected that demand should significantly rise by the end of next month



FEBRUARY 2019

Market Comments

Production of PFI fertilizer for 2019 is yet to commence, it is likely to start after the Nigerian presidential election but there are products (NPK 20 10 10) on ground for sale from carryover of 2018 production.
The restriction of forex for importation of fertilizer by CBN and the Importation ban of NPK, especially the NPK 15 15 15 has affected the availability of the product (NPK 15 15 15) and has cause an increase in its price because of the imminent scarcity being anticipated by both agrodealers and farmers. Farmers complained of high cost of NPK 15-15-15 and called for reviewing the banning of its importation.



JANUARY 2019

Market Comments

Some Agrodealers are stocking up products in their various stores and warehouses across the country in preparation for the wet season and also in anticipation of possible scarcity or price increment during the wet season, as a result of the fertilizer (NPK) ban imposed late last year. Generally, most prices of fertilizers relatively remained the same. There are reports of low sales of fertilizer which can be attributed to the dry season (decreased farm activities).

Specific comments:

• Lagos state government distributed farm inputs to 1,252 farmers worth N200 million naira across four value chains namely aquaculture, fisheries, crop and livestock to strengthen food production, processing, marketing systems and to empower small holders farmers.

• In Kano state 120,000 rice farmers to benefits from Anchor Borrowers Program for the current dry season. Each farmer would receive a loan of about N220,000 to include farm input and amount for payment of labor.

• Turnout of Kaduna state dry season farmers has improved despite the slight increase in prices of fertilizer.

• Niger state, only dry season farmers are buying fertilizer as the dry season farming activities are at its peak.

• Ondo state government distributes nine million naira loan facility to farmers to boost agriculture. It is expected that the loans would be used to increase the quantity of inputs used for food production in the state

• Anambra state government plans to invest N2 billion on land developments, provision of facilities and input to farmers in 2019 farming season.
• The Kebbi Government spent N900 million on the purchase of fertilizer to farmers to enhance agricultural activities in the 2019 dry season farming.

• Birnin-Kebbi — The Kebbi State government has purchased 7500MT of fertilizer, subsidized to farmers for the dry season farming.



DECEMBER 2018

Market Comments

Central Bank of Nigeria announced that there is a ban on Importers from accessing forex and some agro dealers have been apprehensive since the announcement which is expected to have a significant effect on the market in the next farming season, they predicted that the fertilizer market would witness scarcity and more adulteration of fertilizers in the market, especially during the 2019 peak farming season. However, the Fertilizer Producers and Suppliers Association of Nigeria (FEPSAN) have insisted that there would not be scarcity, as its members have the capacity and sufficient stocks on ground to fill the gap that would be created from the fertilizer forex ban. Furthermore, FEPSAN argued that it is working with the Central Bank of Nigeria to ensure that raw materials are not affected by the forex.

 

 

 

 

 

 

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Sep-18 Oct -18 Nov-18 Sep-18 Oct -18 Nov-18 Sep-18 Oct -18 Nov-18
Anambra com 7550 6800 6800 7900 8000 8000 6600 6500 6600
Benue com 8000 8000 8000 6900 6750 6750 8000 7500 7000
Delta com 7600 7600 7600 6800 6800 6800
Edo com 7000 7500 7500 7500 7500 7500
Kano com 7100 7200 7200 5500 5500 5500 7200 6800 6900
Kwara com 6700 6800 6800 5500 5500 5500 6900 6900 6900
Lagos com 7300 7400 7400 7000 7000 7000
Niger com 7500 7500 7000 5500 5500 5500 7000 7500 7500
Ondo com 6700 7000 7192 5500 5500 6283 7500 7000 6986

NOVEMBER 2018

Market Comments

Prices were relatively stable, as quantity of fertilizer sold continues to decrease especially in the northern part of the country, where dry season has commenced. This is expected to affect the fertilizer market negatively, as most Nigerian farmers practice rain fed agriculture. However, a few dry season farmers have commenced land preparation and application of NPK fertilizers, and in some couple of weeks, Urea demand would be expected to increase slightly due to these activities. Notore fertilizer and Chemical Company have finished maintenance of their facility and started production and supply of urea fertilizer to agro dealers.

 

 

 

 

 

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Sep-18 Oct -18 Nov-18 Sep-18 Oct -18 Nov-18 Sep-18 Oct -18 Nov-18
Anambra com 7550 6800 6800 7900 8000 8000 6600 6500 6600
Benue com 8000 8000 8000 6900 6750 6750 8000 7500 7000
Delta com 7600 7600 7600 6800 6800 6800
Edo com 7000 7500 7500 7500 7500 7500
Kano com 7100 7200 7200 5500 5500 5500 7200 6800 6900
Kwara com 6700 6800 6800 5500 5500 5500 6900 6900 6900
Lagos com 7300 7400 7400 7000 7000 7000
Niger com 7500 7500 7000 5500 5500 5500 7000 7500 7500
Ondo com 6700 7000 7192 5500 5500 6283 7500 7000 6986

OCTOBER 2018

Market Comments

Prices of products were averagely stabled except for slight increases in the price of Urea despite the gradual decrease in demand especially in the northern part of the country due to harvesting of crops, severe flooding of agricultural farms, etc.
Notore fertilizer and chemical has temporarily suspended production for maintenance at their facility.

 

 

 

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Aug -18 Sep-18 Oct -18 Aug -18 Sep -18 Oct -18 Aug -18 Sep -18 Oct -18
Anambra com 7950 7550 6800 8100 7900 8000 6800 6600 6500
Benue com 7500 8000 8000 7000 6900 6750 7500 8000 7500
Delta com 7600 7600 7600 6800 6800 6800
Edo com 7500 7000 7500 7500 7500 7500
Kano com 7300 7100 7200 5500 5500 5500 7200 7200 6800
Kwara com 6800 6700 6800 6750 5500 5500 6900 6900 6900
Lagos com 7400 7300 7400 7000 7000 7000
Niger com 7000 7500 7500 5500 5500 5500 7000 7000 7500
Ondo com 7000 6700 7000 5500 5500 5500 7500 7500 7000

SEPTEMBER 2018

Market Comments
Demand is gradually decreasing with slight reduction in prices of fertilizers. The reason being that majority of farmers are no longer applying fertilizers as they are preparing to start harvesting, especially for cereal crops which accounts for much of the fertilizers applied and consumed nationally.
Golden Fertilizer Company a subsidiary of flour mill had started production of blended NPK in the newly installed blending plant in Kaduna. The plant has a capacity of 60MT and would be producing mainly for the northern states which would complement the Lagos blending plant. The Plant started production at the end of August 2018 and is expected to reduce the cost of transporting their blends, which would reduce the overall farm gate price of their products.


Sales trend (comparisons from July to August)

Towns

Fertilizer (commercial)

Sales trend

Price trend

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

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 Jul -18 Aug -18 Sep -18 Jul -18 Aug -18 Sep -18 Jul -18 Aug -18 Sep -18
Anambra com 7250 7950 7550 8100 8100 7900 6800 6800 6600
Benue com 7500 7500 8000 5550 7000 6900 7500 7500 8000
Delta com 7500 7600 7600 6500 6800 6800
Edo com 7500 7500 7000 7000 7500 7500
Kano com 7300 7300 7100 5500 5500 5500 7700 7200 7200
Kwara com 6800 6800 6700 8000 6750 5500 6800 6900 6900
Lagos com 7400 7400 7300 7000 7000 7000
Niger com 7000 7000 7500 5500 5500 5500 7000 7000 7500
Ondo com 7000 7000 6700 5500 5500 5500 7500 7500 7500

AUGUST 2018

Market Comments
Fertilizer sales are still improving with Farmers buying more of urea fertilizers now than NPK fertilizers, because most of their crops are in the stage for second application (top dressing).


Sales trend (comparisons from July to August)

Towns

Fertilizer (commercial)

Sales trend

Price trend

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

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 Jun -18 Jul -18 Aug -18 Jun -18 Jul -18 Aug -18 Jun -18 Jul -18 Aug -18
Anambra com 7350 7250 7950 8100 8100 8100 6750 6800 6800
Benue com 7800 7500 7500 5550 5550 7000 7500 7500 7500
Delta com 7500 7500 7600 6500 6500 6800
Edo com 7500 7500 7500 7000 7000 7500
Kano com 7200 7300 7300 5500 5500 5500 7500 7700 7200
Kwara com 6800 6800 6800 5500 8000 6750 6300 6800 6900
Lagos com 7400 7400 7400 6700 7000 7000
Niger com 7500 7000 7000 8500 5500 5500 7000 7000 7000
Ondo com 7100 7000 7000 5500 5500 5500 7400 7500 7500

JULY 2018

Market Comments

The following plants have been given final approval to join the existing 11 plants include: Wacot Fertilizer and Chemicals Ltd in Auchi, Edo State; Sora Ltd in Makurdi, Benue State, Citizen Fertilizer and Chemicals Ltd in Kano State, while Green Technologies, Abak, Akwa Ibom State, Zamfara blending plant and Gombe blending plant are awaiting final approval. When these six new plants all come on stream, it would bring the total number of fertilizer blending plants operating in the country to 17, up from 5 as at 2016.
The factory gate price of Urea at Indorama increased to N5,900 in July from N5,600 in June 2018 . Demands of fertilizer by farmers continue to increase generally. However, in some of the states affected by the crops farmers – Fulani herdsmen crises, Agro dealers in those locations have complained about reduce pace of fertilizers sales.


Sales trend (comparisons from June to July)

Towns

Fertilizer (commercial)

Sales trend

Price trend

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type May -18 Jun -18 Jul -18 May -18 Jun -18 Jul -18 May -18 Jun -18 Jul -18
Anambra com 7350 7350 7250 8100 8100 8100 6750 6750 6800
Benue com 7500 7800 7500 5550 5550 5550 7400 7500 7500
Delta com 7500 7500 7500 6500 6500 6500
Edo com 7500 7500 7500 8000 7000 7000
Kano com 7200 7200 7300 5500 5500 5500 7500 7500 7700
Kwara com 6800 6800 6800 7800 7800 5500 6200 6200 6300
Lagos com 7400 7400 7400 6700 6700 7000
Niger com 7500 7500 7000 8500 8500 5500 7500 7000 7000
Ondo com 7100 7100 7100 5500 5500 5500 7500 7400 7500

JUNE 2018

Market Comments

Agro dealers are recording improved quantity of fertilizers sold across the country as the rains are established and farming activities have commenced fully in the country. The PFI fertilizer are available in the market.
Technical team of FEPSAN and OCP visited 5 blending plants under the PFI for assessment. This was done in line with the MOU signed between OCP and FEPSAN for continuous technical support and monitoring of revamped blending plants. These measures are taken to ensure that the plants are improving and any challenges being faced in the course of production would be highlighted and addressed to keep the plants at optimum performance for the 2018 PFI production.


Sales trend (comparisons from May to June)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Apr -18 May -18 Jun -18 Apr -18 May -18 Jun -18 Apr -18 May -18 Jun -18
Anambra com 7650 7350 7350 8100 8100 8100 6500 6750 6750
Benue com 6900 7500 7800 6750 5550 5550 7400 7400 7500
Delta com 7200 7500 7500 5800 6500 6500
Edo com 7500 7500 7500 8500 8000 7000
Kano com 7100 7200 7200 5500 5500 5500 7350 7500 7500
Kwara com 6800 6800 6800 7800 7800 5500 6200 6200 6300
Lagos com 7400 7400 7400 6500 6700 6700
Niger com 6500 7500 7500 6000 8500 8500 7700 7500 7000
Ondo com 7000 7100 7100 5500 5500 5500 6500 7500 7400

MAY 2018

Market Comments

Indorama intends to supply 750,000MT of Urea fertilizer for farmers need and supply 360,000MT for the production of NPK 20-10-10 under the PFI program, an increase from 180,000MT supplied last year. The factory gate price of Urea at Indorama is N5,600, up from N5,300 in April 2018 and that of Notore is N5,800 up from N5,300 in April 2018. Farming activities have commenced fully in the southern part of the country because they are having rainfall. With increase in farming activities due to the rainy season in most parts of the country, Agro dealers are beginning to record improved sales of fertilizers.


Sales trend (comparisons from April to May)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Mar -18 Apr -18 May -18 Mar -18 Apr -18 May -18 Mar -18 Apr -18 May -18
Anambra com 7650 7650 7350 8100 8100 8100 6500 6500 6750
Benue com 6900 6900 7500 6750 6750 5550 6950 7400 7400
Delta com 7200 7200 7500 5700 5800 6500
Edo com 7500 7500 7500 8500 8500 8000
Kano com 7000 7000 7100 7050 7050 5500 7000 7500 7350
Kwara com 6800 6800 6800 7500 7800 7800 6200 6200 6200
Lagos com 7400 7400 7400 6500 6500 6700
Niger com 6500 6500 7500 7000 6000 8500 7700 7700 7500
Ondo com 7800 7000 7100 5500 5500 5500 6500 6500 7500

APRIL 2018

Market Comments

Golden fertilizer- agro division of Flour Mill Nigeria plc is currently installing 50,000MT blending plant in Kaduna state which will start producing blended NPK by May 2018 to produce for the open market, bring fertilizer more closely to their distributors and to participate in the Federal Government PFI program so as to meet the requirement of the farmers. Indorama is currently expanding its production capacity from 4,000MT of urea/day to 8,000MT which will be ready by 2019.
The factory gate price of Urea at Indorama is N5,300. The factory gate prices of companies remain constant. Golden fertilizer slashed the price of NPK 15-15-15 from N6,700 to N6,100. Indorama have started training farmers on good agronomic practices and soil testing to encourage fertilizer use by farmers. As raining begins in some parts of the north, farmers have started purchasing farm inputs as well as clearing their farms in preparation for the season.


Sales trend (comparisons from March to April)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Feb-18 Mar-18 Apr-18 Feb-18 Mar-18 Apr-18 Feb-18 Mar-18 Apr-18
Anambra com 7450 7650 7650 7000 8100 8100 6750 6500 6500
Benue com 6900 6900 6900 7000 6750 6750 6900 6950 7400
Delta com 7200 7200 7200 5500 5700 5800
Edo com 7500 7500 7500 8500 8500 8500
Kano com 7000 7000 7100 7050 7050 5500 7000 7500 7350
Kwara com 6800 6800 6800 7500 7800 7800 6000 6200 6200
Lagos com 7300 7400 7400 6500 6500 6500
Niger com 9000 6500 6500 7000 7000 6000 8500 7700 7700
Ondo com 7800 7000 6500 5500 5500 7500 6500 6500

MARCH 2018

Market Comments

In most stores across Nigeria, fertilizers are available but with low demand from farmers as they are harvesting their dry seasons crops. Only few framers are buying to store, for use in the coming wet season. Indorama was reported to have increased factory gate prices to 5300 NGN in March 2018 from 5200 NGN in February 2018 while Notore factory gate price is N5200.
For NPK 15 15 15 and special blends of NPK 27 13 13, prices have slightly increased, although no particular reason was given other than, the fact that agrodealers are restocking their shops in preparations for the planting season especially in the southern part of the country where rains have started.


Sales trend (comparisons from February to March)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Jan-18 Feb-18 Mar-18 Jan-18 Feb-18 Mar-18 Jan-18 Feb-18 Mar-18
Anambra com 9300 7450 7650 8750 7000 8100 7500 6750 6500
Benue com 7750 6900 6900 5900 7000 6750 6800 6900 6950
Delta com 9400 7200 7200 8000 5500 5700
Edo com 7800 7500 7500 5700 8500 8500
Kano com 7000 7000 7050 7050 7000 7500
Kwara com 7000 6800 6800 5700 7500 7800 6500 6000 6200
Lagos com 7300 7400 6500 6500
Niger com 7100 9000 6500 5500 7000 7000 6300 8500 7700
Ondo com 7800 6500 6500 5500 7500 7500 6500

FEBRUARY 2018

Market Comments

In most stores across Nigeria, fertilizers were available but with low demand from farmers. Urea prices were lower across board. Some factory gate prices of urea dropped to 5200 NGN in February 2018 from 5500 NGN in January 2018 to encourage sales for their customers to buy more. Farmers were expected to purchase more fertilizer for irrigation farming but could not due to farmers-herder crisis in north central zone of the country.
NPK 27 13 13, NPK 12 12 17 + 2MgO and NPK 20 10 10 prices were higher and this was attributed to the unabated foreign exchange costs as about 40% of the raw materials for the NPK blended locally in the country are imported, while about 80% of the NPK blends are directly imported. NPK 12 12 17 has remained out of stock as a result of its reducing demand and the high cost of imported DAP for blending purposes.


Sales trend (comparisons from January to February)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 15 15 15

NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Dec-17 Jan-18 Feb-18 Dec-17 Jan-18 Feb-18 Dec-17 Jan-18 Feb-18
Anambra com 8500 9300 7450 9000 8750 7000 7500 7500 6750
Benue com 7750 6900 6100 5900 7000 7475 6800 6900
Delta com 9400 7200 8000 5500
Edo com 8500 7800 7500 8000 5700 8500
Kano com 6000 7000 5500 7050 6600 7000
Kwara com 7000 7000 6800 7000 5700 7500 7000 6500 6000
Lagos com 7500 7300 7500 6500
Niger com 10000 7100 9000 5500 5500 7000 9500 6300 8500
Ondo com 7500 6500 6500 6500 7500 7500 7500

JANUARY 2018

Market Comments

In most stores across Nigeria, fertilizers are still out of stock. UREA Prices are lower across board. Even trucking of UREA from production factories located in the southern part of Nigeria to the northern part of the country were over 80% of fertilizers are used has dropped from 400,000 NGN in the wet season to under 200,000 NGN now. Indorama was reported to have dropped factory gate prices to 5400 NGN in November 2017 from 6200 NGN in October has gone even lower to 4800 NGN per bag for some of their customers. Irrigation farming is expected to keep prices from going lower in January 2018 but this activity represent less than 5% of agricultural farming activities in Nigeria. For NPK triple 15 and special blends of 27-13-13, prices have remained firm despite falling UREA prices. This is attributed to the unabated foreign exchange costs as over 80 of the NPK blends in the country are imported. NPK 12 12 17 has remained out of stock in virtually all retail shops as a result of its reducing demand and the high cost of imported DAP for blending purposes.


Sales trend (comparisons from December to January)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 20 10 10

Urea

Edo NPK 15 15 15

Urea

Kwara NPK 15 15 15

NPK 20 10 10

Urea

Niger NPK 20 10 10

NPK 15 15 15

Urea

 

Price trends over the past 3 months

NPK 15 15 15 NPK 20 10 10 Urea 46%
NGN/ 50 kg bag Type Nov-17 Dec-17 Jan-18 Nov-17 Dec-17 Jan-18 Nov-17 Dec-17 Jan-18
Anambra com 8800 8500 9300 7350 9000 8750 8000 7500 7500
Benue com 8000 7750 6850 6100 5900 7475 7475 6800
Delta com 8000 9400 7300 8000
Edo com 8500 8500 7800 8000 8000 5700
Kano com 5500 6000 5500 5500 6500 6600
Kwara com 7500 7000 7000 6750 7000 5700 7500 7000 6500
Lagos com 7500 7500
Niger com 8000 10000 7100 5500 5500 5500 7500 9500 6300
Ondo com 8500 7500 7500 6500 6500 8000 7500 7500


DECEMBER 2017

Market Comments

Most stores across Nigeria, are out of fertilizer stock, except a few who are selling at October and November prices. This is largely due to harvest activities being at its peak. Irrigation farming is expected to begin soon but this represents less than 5% of agricultural farming activities in Nigeria. Both Notore and Indorama have slashed the factory gate price of Urea to encourage sales. Indorama dropped their prices from 6,000 NGN to 5,800 NGN around October 2017 and has even gone lower to 5500 NGN per 50 kg bag in December. Currently, Notore Chemicals is giving price incentives to their distributors to ensure they take stock from Notore warehouses. The company has produced up to 50,000 MT of Urea and is encouraging their distributors to buy now for the 2018 wet season farming in particular. With 2017/18 dry season maize and transplanting of rice set to begin late December 2017, prices of Urea are not expected to go any lower than this.


Sales trend (comparisons from November to December)

Towns

Fertilizer (commercial)

Sales trend

Price trend 

Benue NPK 20 10 10

Urea

Edo NPK 15 15 15

NPK 12 12 17 + 2 MgO

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 Oct-17 Nov-17 Dec-17 Oct-17 Nov-17 Dec-17 Oct-17 Nov-17 Dec-17
Anambra com 8250 8800 8500 8750 7350 9000 7750 8000 7500
Benue com 8000 8000 6100 6850 6100 7475 7475 7475
Delta com 8000 8000 7500 7300
Edo com 8000 8500 8500 8000 8000 8000
Kano com 8500 5500 6000 8500 5500 5500 7000 6500 6600
Kwara com 7500 7500 7000 6750 6750 7000 7500 7500 7000
Lagos com 10000 7500 8500 7500
Niger com 6000 8000 10000 5500 5500 5500 7000 7500 9500
Ondo com 6000 8500 7500 6000 7500 6500 8000 7500

NOVEMBER 2017

Market Comments

Harvesting activities are at its peak in the northern parts of Nigeria, but almost over in the South. As a result, fertilizer prices have fallen at factory gate. Golden has dropped the price of NPK 27-13-13 from 7800 NGN to 7100 NGN. Indorama, last month dropped their urea price from 6000 per bag to 5800 per bag at factory gate. Ebonyi state fertilizer plant only produces NPK now on demand. However, despite slow farmer fertilizer demands across the country, at the farm gate, prices of NPK fertilizers has remained relatively firm. Logistical challenges have kept the prices of the imported triple 15 NPK high, participants of the Presidential Fertilizer Initiative are threatening to pull out of the program due to eroding profits and fixed federal government prices. Golden fertilizers who are the market share leader with respect to NPK fertilizers in Nigeria are alleged to have pulled out already.


Sales trend (comparisons from October to November)

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 Sep-17 Oct-17 Nov-17 Sep-17 Oct-17 Nov-17 Sep-17 Oct-17 Nov-17
Anambra com 9500 8250 8800 8200 8750 7350 7500 7750 8000
Benue com 8500 8000 8000 7900 6100 6850 7400 7475 7475
Delta com 8000 8000 8000 7500 7500 7300
Edo com 8000 8000 8500 7650 8000 8000
Kano com 8500 8500 5500 8500 8500 5500 7100 7000 6500
Kwara com 7500 7500 7500 7000 6750 6750 7000 7500 7500
Lagos com 10000 8500
Niger com 6000 8000 5500 5500 5500 6600 7000 7500
Ondo com 7000 6000 8500 6000 6000 7500 7500 8000

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