Upslope Grain/Fertilizer Price Ratio in May

By CnAgri2013-06-25 14:51:02 Print Grain/fertilizer price ratio went up in May as a result of fertilizer price decline. Grain/urea price ratio rose 17% on the year-on-year basis.
 
Calculated at fertilizer nutrient price, wheat/urea, wheat/DAP and wheat/NPK price ratios were 0.54, 0.44, 0.41 respectively, corn/urea, corn/DAP and corn/NPK price ratios were 0.52, 0.43 and 0.39 respectively, indica/urea, indica/DAP and indica/NPK price ratios were 0.85, 0.7 and 0.49 and japonica/urea, japonica/DAP and japonica/NPK price ratios were 1.00, 0.82 and 0.75 respectively.

  

From “China Fertilizer Market Weekly Report”