UK AN season opens lower than expected for limited tonnage

The first release of new-season CF ammonium nitrate (AN) was snapped up within hours at on-farm prices between £630/t and £640/t for June and July delivery.

This was well below market expectations and about £40/t lower than the cost of imported AN.

The offer was for a limited tonnage on the usual 28-day payment terms, and frustrated traders have no indication of when any further UK supply will be released.

See also: How a Yorkshire farmer’s trial improved N fertiliser efficiency

Gas prices spiked again on Thursday (12 May) as Russia unveiled sanctions on energy companies in the EU and there was disruption to a major gas pipeline through Ukraine, bringing further uncertainty over the flow of gas from Russia to Europe.

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