Potash prices jump alongside AN

OCTOBER NITROGEN prices now stand at £152 or more with restricted availability.


Concerns are also being expressed that this price might increase before November, which bodes ill for the spring price.


It will, as a major importer put it, test the elasticity of the fertiliser market to its limit.


With little to trade on the nitrogen market, attention would normally turn to autumn (PK) sales at this time but interest in these is unusually quiet.


This is partly because cereal growers are less bound to sowing P and K only in the autumn, applying it with, or without, N in the spring.


More PK “holidays” are also being taken, with farmers relying on the soil bank to supply these nutrients from reserves.


This of course makes the business of soil analysis more important so the introduction of new in depth literature from the independent Potash Development Association on this topic is timely (www.pda.org.uk).


Recent surveys show a steady decline in PK reserves which, in the case of K in particular, could significantly inhibit yield.


But, no matter what time farmers plan to apply PK it makes sense to check prices.


Reduced demand may hold back PK prices a little, but at £133/t-plus these are not cheap.


Raw materials prices are firming and it hard to obtain commitment to an on farm price just yet.


As with nitrogen, the early buyer of PKs should profit.


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

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

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