AGRICULTURAL merchants and fertiliser traders are no different from anyone else who is not actually farming themselves in wanting to take advantage of a break around a bank holiday.

Consequently, apart from the aftercut market in Scotland, actual sales of fertiliser have been quiet.

Scottish orders for group business have been reported in the mid to high £80s for KN and NKS products but individual farmer purchases continue to be on an ad hoc basis with consequently higher prices.

Speculation about the forthcoming nitrogen market has, however, not been so quiet with some merchants talking of prices for 34.5% N domestic ammonium nitrate below £85/t.

This has to be way below the expectations of the majors who must hope for the season to start about £90/t if historic market patterns are to be repeated.

At the moment, prices are rock bottom and can only rise. But its impossible for anyone to guess when.

With the spot market still about £88-92/t on-farm delivered for nitrogen, one could anticipate that the majors will open the season at or around that level.

Very few cargoes of imported nitrogen have arrived and one of those was impounded at Brightlingsea, allegedly for errors in documentation.

Few are anticipated at the start of this season and so all eyes are on Terra, the biggest player in the domestic nitrogen market, to set terms.

In contrast, prices for PKs should hold firm at about £120 per tonne but attractive prices for imported 8.24.24 could be a possibility once the market gets under way.

Spot prices for CAN in Ireland have risen slightly.

CURRENT MARKETS

 

 

20.10.10

complex/blend*

KN

KNS

20.5.15

AN (Import)

AN (Domestic)

England/Wales Grassland Markets

110-115/

105-110

90-92

90-92

90-92

80-84

88-92

England Arable Markets

No Market

93-96

93-96

93-96

80-81

Not active

Scotland

108-112/

103-108

88-95

88-95

88-95

80

90-93

*Complex fertilisers are those where typically all nutrients are combined in one granule.

 

IRELAND

 

CAN

27.6.6 complex

25.5.5 complex

24.6.12 complex

Northern Ireland

96-100

128-130

118-120

125-128

 

CAN

27.2 Omega.5

18.6.12

10.10.20

Republic of Ireland*

108-112

140-145

143-150

156-160

*Note in the Republic of Ireland nutrients are expressed as elements not oxides. Analyses will not be directly comparable with those used in the UK..

*Prices in the Republic are IR£

 

FORTHCOMING MARKETS

Anticipated general prices from 01 June

AN (Import)

AN (Domestic)

N/S (High S)

N/S (Low S)

PK. 0.24.24

78-80

86-92

92

88-92

120

 

BACKGROUND MARKET

Products not currently traded in volume

0.24.24

15.15.20

17.17.17

122

130-135

135-140

Note All illustrated prices are based upon 20 tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.

Source: Bridgewater Associates