Fertiliser snatched off the shelves

JULY STOCKS and manufacturing volume of ammonium nitrate have already virtually run out as early season sales boom.


Last year, farmers recognised a bargain when they saw one, hence the response this time round.


Nitrogen is more expensive than expected, but buyers are increasingly aware of spiralling energy costs and understand that prices are unlikely to come down.


Indeed, suppliers are sticking to their stated intention of matching sales to increases in gas pricing, thus August and September AN prices go up by £2/t each month.


It makes sense, therefore, to buy at least part of the annual nitrogen requirement as soon as possible.


That global nature of the energy crisis is well illustrated by the fact that importers find it hard to source fertiliser to compete on the British market.


Export offers are few and far between as foreign manufacturers cope with buoyant home demand and find alternative markets more lucrative than ours.


But there is a real need for imports into the EU, with 4.5m tonnes of AN equivalent needed to bridge the gap between demand and availability.


The laws of supply and demand ensure that it will reach these shores eventually, when the price is right, which means global prices falling, or ours rising.


It is hard to accept that the price of nitrogen is set to be higher for the foreseeable future but it remains a valuable resource giving a financial return in excess of 3:1.


The challenge is to use it efficiently, in conjunction with other, cheaper nutrients, most particularly sulphur, which is still grossly undervalued.


CURRENT PRICES (£/t)


Great Britain

































Straight


Domestic N (34.5%N) SP5

Aug £141-145

Imported AN Lithuanian & Bulgarian


£130 where available


Imported urea



£195 granular
£195 prills (where available)


Liquid UAN
37kg/100litres (
29.6%N/t)


No market


TSP (47%P2O5)


£145


Muriate of Potash(60%K2O)


£133


 















































Compound


 


Complex


Blended


25.5.5


£144-147


From £138


15.15.20


£163-168


 


20.10.10 / 27.5.5


£147-149


From £140


17.17.17


£168-173


 


Aftercuts NK


 


£144


27.6.6 (imported)


 


 


32.5.0 (imported)


 


£136-138


 
















Trace elements

Copper, zinc, selenium,
cobalt Iodine and sodium

£11.10/acre pack



Ireland





































 


Northern
Ireland


Republic
of Ireland†


Urea

£200 (existing stocks only) €270-280
(dependant on source and quality)
CAN £130 €160+

24.6.12
aftercut*


£170-175 (anticipated)


€240-250+


25.5.5


£160-165


 


27.6.6
complex**


£170-175


€247-250+ (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

NOVEMBER
3

Ask the... Breeder

Register now

Online grain trading made easy with Farmers Weekly Graindex

It takes just a couple of minutes to create a listing on Farmers Weekly Graindex and you’ll get a range of prices to compare from active buyers who want your grain.
Visit Farmers Weekly Graindex