Triple Superphosphate (TSP) Price Monthly and Annualy

The Price of Triple Superphosphate (TSP) in International Commodity Markets for March 2024 is 449.00 dollars per metric tonne, as estimated by the World Bank. In comparison to the previous month, February 2024, when Triple Superphosphate (TSP) was valued at 454.38 dollars per metric tonne, there has been a net change of -5.38 dollars. This represents a percentage decrease of -1.20%. Looking back to March 2023, the Triple Superphosphate (TSP) price stood at 537.50 dollars per metric tonne. The current data reflects a dynamic market with a modest decrease in Triple Superphosphate (TSP) prices from March 2023 to March 2024, signaling potential shifts in global economic trends.

Triple Superphosphate (TSP) Price in Last 12 Months World Bank

Source: World-bank
Last Updated: 21 Apr 2024
Index Last 12 Months Nominal US Dollars($/mt) Net-Chg Percentage-Chg
13March 2023$ 537.50--
12April 2023$ 550.00 $ 12.502.27 %
11May 2023$ 485.63 $ -64.37-13.25 %
10June 2023$ 390.00 $ -95.63-24.52 %
9July 2023$ 392.25 $ 2.250.57 %
8August 2023$ 450.63 $ 58.3812.96 %
7September 2023$ 461.50 $ 10.872.36 %
6October 2023$ 468.13 $ 6.631.42 %
5November 2023$ 462.63 $ -5.50-1.19 %
4December 2023$ 447.50 $ -15.13-3.38 %
3January 2024$ 450.63 $ 3.130.69 %
2February 2024$ 454.38 $ 3.750.83 %
1March 2024$ 449.00 $ -5.38-1.20 %

Triple Superphosphate(TSP) Price Annual World Bank

Triple Superphosphate Price in 2023 was 480.22 dollars per metric tonne estimated by the world bank.

In the previous year, 2022 Triple Superphosphate Price was 716.050 dollars per metric tonne. The net change in Triple Superphosphate Price in 2023 was -235.83 dollars which is about a -49.11% decrease in price.

Source: World-bank
Year Price Nominal US Dollars($/mt) Net-ChangePercentage-Change
1960 $ 53.00--
1961 $ 52.00 $ -1.00-1.92 %
1962 $ 51.00 $ -1.00-1.96 %
1963 $ 52.00 $ 1.001.92 %
1964 $ 53.00 $ 1.001.89 %
1965 $ 54.00 $ 1.001.85 %
1966 $ 50.00 $ -4.00-8.00 %
1967 $ 45.00 $ -5.00-11.11 %
1968 $ 37.50 $ -7.50-20.00 %
1969 $ 39.25 $ 1.754.46 %
1970 $ 42.50 $ 3.257.65 %
1971 $ 43.25 $ 0.751.73 %
1972 $ 67.50 $ 24.2535.93 %
1973 $ 99.50 $ 32.0032.16 %
1974 $ 303.58 $ 204.0867.22 %
1975 $ 202.50 $ -101.08-49.92 %
1976 $ 90.92 $ -111.58-122.72 %
1977 $ 97.92 $ 7.007.15 %
1978 $ 98.04 $ 0.120.12 %
1979 $ 146.23 $ 48.1932.95 %
1980 $ 180.25 $ 34.0218.87 %
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 $ 16.8312.20 %
1988 $ 158.38 $ 20.3812.87 %
1989 $ 144.00 $ -14.38-9.99 %
1990 $ 131.82 $ -12.18-9.24 %
1991 $ 133.12 $ 1.300.98 %
1992 $ 120.74 $ -12.38-10.25 %
1993 $ 111.94 $ -8.80-7.86 %
1994 $ 132.11 $ 20.1715.27 %
1995 $ 149.63 $ 17.5211.71 %
1996 $ 175.83 $ 26.2014.90 %
1997 $ 171.91 $ -3.92-2.28 %
1998 $ 173.05 $ 1.140.66 %
1999 $ 154.49 $ -18.56-12.01 %
2000 $ 137.71 $ -16.78-12.19 %
2001 $ 126.88 $ -10.83-8.54 %
2002 $ 133.06 $ 6.184.64 %
2003 $ 149.33 $ 16.2710.90 %
2004 $ 186.31 $ 36.9819.85 %
2005 $ 201.48 $ 15.177.53 %
2006 $ 201.63 $ 0.150.07 %
2007 $ 339.05 $ 137.4240.53 %
2008 $ 879.38 $ 540.3361.44 %
2009 $ 257.42 $ -621.96-241.61 %
2010 $ 381.89 $ 124.4732.59 %
2011 $ 538.26 $ 156.3729.05 %
2012 $ 462.00 $ -76.26-16.51 %
2013 $ 380.75 $ -81.25-21.34 %
2014 $ 382.00 $ 1.250.33 %
2015 $ 377.60 $ -4.40-1.17 %
2016 $ 290.27 $ -87.33-30.09 %
2017 $ 283.20 $ -7.07-2.50 %
2018 $ 346.74 $ 63.5418.32 %
2019 $ 294.55 $ -52.19-17.72 %
2020 $ 265.04 $ -29.51-11.13 %
2021 $ 538.19 $ 273.1550.75 %
2022 $ 716.05 $ 177.8624.84 %
2023 $ 480.22 $ -235.83-49.11 %

Introduction

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.

Supply and Demand Dynamics

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.

Production Costs

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.

Phosphorus Content

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.

Market Competition

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.

Currency Exchange Rates

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 Rate

Transportation and Logistics

The 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

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

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.

Conclusion

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.