Fertiliser prices stay competitive despite delivery issues

The fertiliser market is very competitive despite movement pressure.

There is a two-week lead time for deliveries of ammonium nitrate (AN) in many areas, with UK product about £18/t cheaper than in late January. Imported AN is £193-£195/t, while tight supply has firmed urea by about £12/t since late January.

See also: More on fertiliser

April supplies of granular urea are being offered at a further discount to prices in the table (below), but traders warn that anyone wanting prompt delivery should be cautious as these depend on the arrival of new cargoes. There are also some offers well below £200/t for October-December urea deliveries.

Grassland orders are picking up in the P&K market – phosphates have drifted down while potash is at similar rates to those of late January.

 

Fertiliser update – April 2016(£/t delivered)*

UK 34.5% N

£203-£207

Granular urea (46% N)

£225-£233

Imported AN (Lithan/Pulan)

£193-£197

0.24.24 (blends)

£230-£240

Potash (MOP)

£228-£235

Phosphate (DAP)

£335-£340

Phosphate (TSP)

£268-£273

20.10.10 (blend)

£225-£235

*Prices are based on full loads for cash payment month following, except where otherwise stated.