Nigeria

Country Overview

Fertilizer Market

Fertilizer Prices

Market Comments

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