The UK fertiliser market is nearly two months behind in volume after five months’ marketing, writes commentator Roger Chesher.
With crops under water, consumed by slugs, or not even planted yet, who can blame the grower for holding off?
The outlook for nitrogen sales worldwide is buoyant, with global demand exceeding supply, but UK prices have stagnated at October/November levels.
Urea prices dipped to around £315/t delivered to farm, but are now around £325/t and compounds are unchanged.
Unless there is a rapid and marked shift in the weather, not much business will be done before Christmas and the big questions are on the size of plantings (and of which crop) and the subsequent effect on demand for nitrogen.