By Roger Chesher

AS reported last week, the UKs major manufacturers are waiting upon Kemira to publish compound prices, which should happen on Friday or early next week.

The warning of higher prices – based on increases in phosphate costs – still applies, but TSP on-farm is not currently as high as the “rogue” price of 180/t recently reported.

140/t is nearer the mark, with MAP and DAP still around US$200-210/t CIF.

We should expect to see a 25.5.5. complex compound priced near to the nitrogen price, i.e 120/t delivered to farm in October, and priced around 134/t in March.

This is some 8/t higher than the summer price but it is now too late to buy as the current price list has been withdrawn.

The compound market is currently in limbo with some manufacturers only offering arable grades until the new prices are set.

Much of the current debate centres on exactly when the major hike in prices should occur.

It looks as though this will happen in January for nitrogen, but could well be later than expected for compounds, possibly as late as February or March to stimulate early buying.

With the market in anticipation, very little is moving today, either in Britain or Ireland, so the price table is somewhat academic.

Imports remain low and despite the value of the Pound, prices seem to be at parity with other parts of Europe, so there is little incentive to import anyway.

If manufacturers get the price structure right, we should start to see compounds moving into merchants or farm store next week.

CURRENT PRICES

New-season nitrogen (SP5) 34.5% Anticipated spring price nitrogen Imported urea (if available) Imported AN (new season) Blended 20.10.10 and 25.0.16 Blended 25.5.5 Liquid nitrogen, 37kg/100l or 29.6% N/t
October 119-120
November 122
December 124
January 130
February 132
March 134
Granular 135
Prilled 125
106-108 (Quality) No market

NPK September, pay cash
Complex 25.5.5
27N30S
20.10.10/29.5.5
17.17.17 140

After-cut NK cash 0.24.24 TSP (47% P2O5) Muriate of Potash (60% K2O)
118 106-115 140 120

 

IRELAND

  Imported urea

CAN

24.6.12

0.16.36

Complex compounds
27.6.6

Northern Ireland Not available 95 No market No market 117-122
 

CAN

24.21/2.10

Urea, imported

27.21/2.5

Republic of Ireland* 120-124 No market Not available No market

*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

  • IR1=UK0.765 on 28 September

     

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

    Source: Bridgewater Partnership