GB prices hit Irish fert market
IRISH FERTILISER sales always follow a very different pattern to those in Britain, but this year‘s GB prices have had a knock-on effect to those in Ireland.
The frantic cut-price early buyers market does not exist in Ireland, although some merchants will buy early to put product into store.
Very keen prices in Britain have, however, resulted in some low grassland product pricing in Ireland for immediate usage.
In the Republic, last year’s disastrous urea season resulted in leftover stocks of some 20,000t.
This could well have been written off but the huge price of replacement material sees this still available from €200/t (£135/t), with CAN at €160-180 (£108-£121).
In Northern Ireland, urea is largely unavailable but limited volumes of CAN are trading at £120/t, equivalent to AN at £159/t.
Special deals on 27.6.6 in the North brought this crashing down in July and this is still moving into store at £135/t.
Consequently, 25.5.5 has also dropped in price although the farm market is dead.
27.6.6 is known as 27. 2½. 5 in the Republic, where nutrients are sensibly declared as elements rather than oxides.
Farm buying is also quiet although limited imports are available at €180-€190/t (£121-£128/t) ex-ship.
Nothing further is expected to happen in these markets now until January or February.
In Britain however, new prices have just been published by manufacturers reflecting the upward trend, with the November price of AN now at £140/t. Actual sales are currently very quiet.
Nitrogen (Domestic) N (SP5) 34.5% | New season | Imported urea. | Imported AN Lithuan | Blended | Blended | Liquid | |||||||||||
November £140 | No supply | Would be £175 but no market yet | £130 | £127 | From £124 | No market yet | |||||||||||
NPK | Sept | Imported 27.6.6 | Imported | |||||||||
Complex 25.5.5 | £134 | No supplies | No supplies | |||||||||
15.15.20 | £153 |
| ||||||||||
20.10.10/ 27.5.5 | £137 |
| ||||||||||
17.17.17 | £158 |
| ||||||||||
| Trace elements | 0.24.24 | TSP (47%P2O5) | Muriate of Potash (60%K2O) |
| Copper, zinc, selenium, cobalt Iodine and sodium Per acre pack £11.10 | Blended £128 and rising | £140 rising | £129 |
Ireland
Benchmark prices. Compounds out of season.
Northern | Urea, existing stocks only | CAN | 24.6.12 aftercut | 25.5.5
| Complex compounds |
| £155-£160 | £130-£134 | £160 (anticipated) | £150-£152 | £160-£162 |
Republic of | CAN, large price variations | 24.2½.10 blend | Urea | 27. 2.5 . 5 | |
| €195 | €190-210 (Russian) €225-240 | €200-250 (dependant on source and quality) | €243 (CCF) €200 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.
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
