Triple Superphosphate (TSP) Price in International Commodity Markets in October 2023 is about 468.13 dollars per metric tonne estimated by World Bank. In the Previous Month, September 2023 tsp worth was 461.50 dollars per metric tonne. Last year in October 2022 the price was 675.00 dollars per metric tonne.
| Index | Last 12 Months | Nominal US Dollars($/mt) | Net-Chg | Percentage-Chg |
|---|---|---|---|---|
| 13 | October 2022 | $ 675.00 | - | - |
| 12 | November 2022 | $ 625.00 | $ -50.00 | -8.00 % |
| 11 | December 2022 | $ 584.38 | $ -40.62 | -6.95 % |
| 10 | January 2023 | $ 569.38 | $ -15.00 | -2.63 % |
| 9 | February 2023 | $ 547.50 | $ -21.88 | -4.00 % |
| 8 | March 2023 | $ 537.50 | $ -10.00 | -1.86 % |
| 7 | April 2023 | $ 550.00 | $ 12.50 | 2.27 % |
| 6 | May 2023 | $ 485.63 | $ -64.37 | -13.25 % |
| 5 | June 2023 | $ 390.00 | $ -95.63 | -24.52 % |
| 4 | July 2023 | $ 392.25 | $ 2.25 | 0.57 % |
| 3 | August 2023 | $ 450.63 | $ 58.38 | 12.96 % |
| 2 | September 2023 | $ 461.50 | $ 10.87 | 2.36 % |
| 1 | October 2023 | $ 468.13 | $ 6.63 | 1.42 % |
Triple Superphosphate Price in 2022 was 716.05 dollars per metric tonne estimated by the world bank. In the previous year, 2021 Triple Superphosphate Price was 538.19 dollars per metric tonne. The net change in Triple Superphosphate Price in 2022 was 177.86 dollars which is about a 24.84 % increase in price.
| Year | Price Nominal US Dollars($/mt) | Net-Change | Percentage-Change |
|---|---|---|---|
| 1960 | $ 53.00 | - | - |
| 1961 | $ 52.00 | $ -1.00 | -1.92 % |
| 1962 | $ 51.00 | $ -1.00 | -1.96 % |
| 1963 | $ 52.00 | $ 1.00 | 1.92 % |
| 1964 | $ 53.00 | $ 1.00 | 1.89 % |
| 1965 | $ 54.00 | $ 1.00 | 1.85 % |
| 1966 | $ 50.00 | $ -4.00 | -8.00 % |
| 1967 | $ 45.00 | $ -5.00 | -11.11 % |
| 1968 | $ 37.50 | $ -7.50 | -20.00 % |
| 1969 | $ 39.25 | $ 1.75 | 4.46 % |
| 1970 | $ 42.50 | $ 3.25 | 7.65 % |
| 1971 | $ 43.25 | $ 0.75 | 1.73 % |
| 1972 | $ 67.50 | $ 24.25 | 35.93 % |
| 1973 | $ 99.50 | $ 32.00 | 32.16 % |
| 1974 | $ 303.58 | $ 204.08 | 67.22 % |
| 1975 | $ 202.50 | $ -101.08 | -49.92 % |
| 1976 | $ 90.92 | $ -111.58 | -122.72 % |
| 1977 | $ 97.92 | $ 7.00 | 7.15 % |
| 1978 | $ 98.04 | $ 0.12 | 0.12 % |
| 1979 | $ 146.23 | $ 48.19 | 32.95 % |
| 1980 | $ 180.25 | $ 34.02 | 18.87 % |
| 1981 | $ 161.33 | $ -18.92 | -11.73 % |
| 1982 | $ 138.42 | $ -22.91 | -16.55 % |
| 1983 | $ 134.67 | $ -3.75 | -2.78 % |
| 1984 | $ 131.25 | $ -3.42 | -2.61 % |
| 1985 | $ 121.38 | $ -9.87 | -8.13 % |
| 1986 | $ 121.17 | $ -0.21 | -0.17 % |
| 1987 | $ 138.00 | $ 16.83 | 12.20 % |
| 1988 | $ 158.38 | $ 20.38 | 12.87 % |
| 1989 | $ 144.00 | $ -14.38 | -9.99 % |
| 1990 | $ 131.82 | $ -12.18 | -9.24 % |
| 1991 | $ 133.12 | $ 1.30 | 0.98 % |
| 1992 | $ 120.74 | $ -12.38 | -10.25 % |
| 1993 | $ 111.94 | $ -8.80 | -7.86 % |
| 1994 | $ 132.11 | $ 20.17 | 15.27 % |
| 1995 | $ 149.63 | $ 17.52 | 11.71 % |
| 1996 | $ 175.83 | $ 26.20 | 14.90 % |
| 1997 | $ 171.91 | $ -3.92 | -2.28 % |
| 1998 | $ 173.05 | $ 1.14 | 0.66 % |
| 1999 | $ 154.49 | $ -18.56 | -12.01 % |
| 2000 | $ 137.71 | $ -16.78 | -12.19 % |
| 2001 | $ 126.88 | $ -10.83 | -8.54 % |
| 2002 | $ 133.06 | $ 6.18 | 4.64 % |
| 2003 | $ 149.33 | $ 16.27 | 10.90 % |
| 2004 | $ 186.31 | $ 36.98 | 19.85 % |
| 2005 | $ 201.48 | $ 15.17 | 7.53 % |
| 2006 | $ 201.63 | $ 0.15 | 0.07 % |
| 2007 | $ 339.05 | $ 137.42 | 40.53 % |
| 2008 | $ 879.38 | $ 540.33 | 61.44 % |
| 2009 | $ 257.42 | $ -621.96 | -241.61 % |
| 2010 | $ 381.89 | $ 124.47 | 32.59 % |
| 2011 | $ 538.26 | $ 156.37 | 29.05 % |
| 2012 | $ 462.00 | $ -76.26 | -16.51 % |
| 2013 | $ 380.75 | $ -81.25 | -21.34 % |
| 2014 | $ 382.00 | $ 1.25 | 0.33 % |
| 2015 | $ 377.60 | $ -4.40 | -1.17 % |
| 2016 | $ 290.27 | $ -87.33 | -30.09 % |
| 2017 | $ 283.20 | $ -7.07 | -2.50 % |
| 2018 | $ 346.74 | $ 63.54 | 18.32 % |
| 2019 | $ 294.55 | $ -52.19 | -17.72 % |
| 2020 | $ 265.04 | $ -29.51 | -11.13 % |
| 2021 | $ 538.19 | $ 273.15 | 50.75 % |
| 2022 | $ 716.05 | $ 177.86 | 24.84 % |
Triple Superphosphate (TSP) is a highly concentrated phosphorus fertilizer that contains three essential nutrients: phosphorus, calcium, and sulfur. It is produced by reacting phosphate rock with phosphoric acid, resulting in a water-soluble fertilizer that is readily available for plant uptake. The high phosphorus content in TSP makes it particularly beneficial for promoting root development, seed formation, and overall plant growth.
One of the primary factors influencing the price of TSP is the supply and demand dynamics within the fertilizer industry. If the demand for TSP exceeds the available supply, prices tend to rise. Conversely, if the supply surpasses the demand, prices may decrease. Factors such as global agricultural trends, crop cycles, and seasonal demands play a significant role in shaping the supply and demand balance.
The production process of Triple Superphosphate involves several cost components that contribute to the overall price of the fertilizer. These include the cost of raw materials such as phosphate rock and phosphoric acid, energy costs for the manufacturing process, labor expenses, transportation costs, and overhead charges. Fluctuations in any of these factors can influence the final price of TSP.
The phosphorus content in Triple Superphosphate directly affects its price. The higher the concentration of phosphorus, the more expensive the fertilizer tends to be. Different grades of TSP are available, each with varying levels of phosphorus content. Manufacturers may offer options with different purity levels to cater to different crop requirements, allowing farmers to choose the most suitable grade based on their specific needs and budget.
Competition among fertilizer manufacturers and suppliers also has an impact on the pricing of Triple Superphosphate. When multiple companies are vying for market share, they may engage in price wars or offer competitive discounts to attract customers. Monitoring the market and comparing prices from different suppliers can help farmers secure the best deal for purchasing TSP.
For farmers operating in international markets, currency exchange rates can significantly influence the price of imported Triple Superphosphate. Fluctuations in exchange rates between the country of purchase and the country of sale can cause price variations. Monitoring currency trends and considering the potential impact on the cost of TSP imports is essential for making cost-effective decisions.
Currency Exchange RateThe transportation and logistics involved in delivering Triple Superphosphate to end-users contribute to its price. Factors such as distance, mode of transportation, fuel costs, and logistical challenges can affect the overall transportation expenses. Additionally, storage and handling costs at different points along the supply chain may influence the final price of TSP.
Government policies and regulations related to the fertilizer industry can influence the pricing of Triple Superphosphate. Taxes, import/export duties, subsidies, and other regulatory measures imposed by governing bodies can impact production costs and subsequently affect the market price. Staying informed about such policies is crucial for understanding the cost dynamics of TSP.
Regional and local factors specific to a particular area can also influence the price of Triple Superphosphate. Factors like the availability of phosphate rock deposits, proximity to manufacturing facilities, regional agricultural practices, and market preferences can all contribute to price variations. Understanding these factors can help farmers assess the local market conditions and make informed decisions about purchasing TSP.
In conclusion, the price of Triple Superphosphate (TSP) is influenced by various factors, including supply and demand dynamics, production costs, phosphorus content, market competition, currency exchange rates, transportation and logistics, government policies, and regional and local factors. By considering these aspects and staying informed about the market, farmers can make informed choices and optimize their TSP purchasing decisions.
Remember to assess your specific agricultural requirements and seek advice from agronomists or agricultural experts to ensure the most suitable and cost-effective use of Triple Superphosphate for your crops and plants.