Fertiliser sales grind to a halt

The stop-go nature of the recent market in fertilisers has lapsed into stop-stop, with neither farmers nor merchants buying.


Despite the optimism brought about by heavy plantings in the arable east, the volume of business to be gained on second wheats on lighter land, for example, is harder to quantify.


Statistics from seed merchants are less helpful than in the past as the volume of farm-saved seed is now significant but as yet unknown.


So the recent flurry of imports has currently ceased with material sitting on the dockside.


Thus, at last, stocks are beginning to build for both UK manufacturer and importer, but neither have any fears that it will not sell in the spring, or that prices will be eroded.


There is fierce competition for what little fertiliser business is currently to be had.


With energy costs holding manufacturers prices up, the impact of competition is to seriously erode merchant margins, but a low margin on low volumes is a recipe for catastrophe.


Despite the high prices for compound fertilisers in mainland Europe, importers are confident they will still be able to supply material at competitive prices.


And, on that front, the European Commission has decided to extend the scope of the anti-dumping duty on ammonium nitrate to include “high N” or so called “dirty N” compound fertilisers.


These are those where the low amounts of P and K contained therein had little or no agronomic effect but changed the classification of the product to one not covered by the original duties.


CURRENT PRICES (£/t)


Great Britain

























Straight


Domestic N (34.5%N) SP5

Dec £160-165

Imported AN (Russian)


£150


Imported urea



£185 granular
£175 prills


Liquid UAN
37kg/100litres (29.6%N/t)


No market


TSP (47%P2O5)


£150+


Muriate of Potash(60%K2O)


£145



















































Compound


 


Complex


Blended


25.5.5


£155


From £147


15.15.20


£168


 


20.10.10 / 27.5.5


£158


From £151


17.17.17


£173


 


Aftercuts NK


 


No market


27.6.6 (imported)


 


 


32.5.0 (imported)


No market

Autumn grades (PK)

 


£133-135
















Trace elements

Copper, zinc, selenium,
cobalt Iodine and sodium

£11.10/acre pack





Ireland







































Straight and compound


 


Northern Ireland


Republic of Ireland†


Urea

No market No market
CAN £132 €162+

24.6.12 aftercut*


No market


No market


25.5.5


£152


 


27.6.6 complex**


£162


€230-245+ (CCF)
€230-235 import blend


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.
*Known as 24.2½.10 blend in the Republic of Ireland
**Known as 27.2½.5 in ROI


Note All illustrated prices are based upon 24 tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.


Source: Bridgewater