Irish in for fert price shock

BRITAIN’S ARABLE farmers are now fully aware of the implications of energy costs on fertiliser prices and have responded by purchasing.


Their counterparts in Ireland face an entirely different situation and very few are buying early.


Unlike in Britain, the fertiliser year in both Northern Ireland and the Republic runs from October to September, and fertiliser currently going on to farm is for immediate use.


This will be the case until the end of August when merchants clear their yards of stock and start thinking about the new season.


Whereas in Britain a high percentage of fertiliser goes directly from factory, or quayside, to farm, in Ireland it is taken into stock in the merchant’s yard.


Many of these merchants are small family businesses who feel that they have heard tales of increased prices many times before, so there is no urgency to source fertiliser whilst gas is relatively cheap.


The Irish farmer, therefore, could be in for a massive shock when he comes to buy product in the spring.


The current season has already reflected increased prices by loss of sales.


From the end of July to the end of March volume is down by 33 % and, despite some recovery, the entire season is anticipated to be down by 25%.


Stock numbers are down and reliance on forage has increased.


A potential for significant profit therefore exists, either for merchant or farmer in Ireland, by sourcing fertiliser now.


CURRENT PRICES (£/t)


Great Britain

























Straight


Domestic N (34.5%N) SP5

Sept £143-147
Oct £152

Imported AN 
Lithuanian & Bulgarian


£135 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







































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

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