Cautious customers keep fertiliser business quiet


By Roger Chesher


DOMESTIC ammonium nitrate is now on November pricing, and stands at 122/t delivered on-farm. Compound prices have been adjusted upwards by 2.00/t.


But still the market is quiet, with grassland farmers in particular either not tempted to “save” on the spring price or physically unable to store fertiliser.


And with farmyards flooded, who is going to worry about buying fertiliser just now?


With prices still on the up, it has come as a surprise to UK importers to learn that the European Commission has been asked to investigate a claim of unfair dumping of urea into European markets.


Ten countries are involved, mainly from Eastern Europe and Africa, but much process will be gone through before anything happens, if at all.


The Commission will investigate the claim, seeking evidence widely as it does so.


If a case is found then the Commission will recommend measures which must be approved by ministers before any action, such as duties, is imposed.


It doesnt seem to make much sense to UK farmers, whose urea is not perceived as cheap at present, but we must remember that local cases are no longer investigated and this one is on the basis of Europe as a whole.


For those farmers with views relevant to the investigation, nows the time to make them known.


One further complication brought about by the weather is the degree of leaching of both nitrogen and potash.


The measurement of both nutrients, while improving, is still somewhat inexact and it will be hard to quantify precisely how much has washed away.


The potash industry in particular is expressing alarm at rapidly lowering soil reserves and the impact this will have on nitrogen efficiency.

CURRENT PRICES

















New-season nitrogen (SP5) 34.5%

Anticipated spring price nitrogen

Imported urea (if available)

Imported AN (new season)

Blended 20.10.10 and 25.0.16

Blended 25.5.5
Liquid nitrogen, 37kg/100l or 29.6% N/t


November 122
December 124


January 130
February 132
March 134


Granular 140-144
Prilled 130

112 (Quality)

No market yet

No market yet

No market
























NPK

November, pay cash

January, pay cash

April, pay cash (forecast)

Complex 25.5.5

122

126

134

27N30S

124

132


20.10.10/29.5.5

125

129

137

17.17.17

142

146

152













After-cut NK cash

0.24.24

TSP (47% P2O5)

Muriate of Potash (60% K2O)

118

106-115

130

122

 

IRELAND

















 
Imported urea

CAN


24.6.12


0.16.36


Complex compounds
27.6.6


Northern Ireland

Not available

95

No market

No market

117-122















 

CAN


24.21/2.10


Urea, imported


27.21/2.5


Republic of Ireland*

120-124

No market

Not available

No market

*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.

*Prices in the Republic are IR

  • IR1=UK75.08p; US$1=UK69.11p on 01 November

     

    Note All illustrated prices are based on 20-tonne loads for immediate payment. Prices for smaller loads and those with credit terms will vary considerably.

    Source: Bridgewater Partnership

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