High fert prices suck in imports

NITROGEN PRICES remain stable at the farm gate although little business is being done.


Harvest for farmers and holidays for the trade have taken priority.


There is, however, sufficient confidence for importers to commit to cargoes with both Russian AN and Bangladeshi urea available.


Despite reported cargoes of 20,000t, volumes are not as high as last year, with production costs remaining a major factor behind market volatility.


Granular urea should reach farm around £184-190/t with prills at £170-175/t. The latter represents particularly good value for those with the ability to spread smaller prills accurately or put it into solution.


Ammonia prices remain high, notably in the US, where flood damage on the Mississippi has now also affected significant urea tonnages awaiting shipment.


The States, therefore, represents a lucrative market for exporters of fertiliser.


Phosphate prices are also set to rise, although interest in the nutrient remains unusually quiet for this time in the season.


Despite volatility in gas costs, UK manufacturers seem set on leveling out AN farm prices around £163/t from Christmas and beyond.


This will at least help the decision-making process when the time comes to fix sowing acreages.


Generally speaking, each kg of ammonium nitrate results in a yield of 23kg of grain (up to optimum application levels), so with a grain price of £60/t, nitrogen still gives a 3:1 response.


But £160+/t for ammonium nitrate could well be the point at which the market starts to seriously resist.


CURRENT PRICES (£/t)


Great Britain

























Straight


Domestic N (34.5%N) SP5

Nov £158-160

Imported AN (Russian)


£148


Imported urea



£184-190 granular
£170-1755 prills


Liquid UAN
37kg/100litres (29.6%N/t)


No market


TSP (47%P2O5)


£148


Muriate of Potash(60%K2O)


£133



















































Compound


 


Complex


Blended


25.5.5


£153


From £145


15.15.20


£171


 


20.10.10 / 27.5.5


£156


From £149


17.17.17


£179


 


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



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
OCTOBER
29

Farm succession planning during the Covid-19 crisis

Register now