Fertiliser market looks for uplift


HARVEST has started and as the winter barley comes off the field both merchant and manufacturer are hoping this will stimulate the current quiet fertiliser market.

The major companies remain firm with their July ammonium nitrate price of £87/t, rising roughly by £1/month through to Christmas.

Undoubtedly some merchants will be offering deals below these prices, albeit few. These are as yet unsupported by the manufacturer, so the standoff or stalemate continues.

Orders are currently only half or two thirds of last years levels with movement even lower.

But business is picking up which must start to beg the question whether production will continue flat out at all the sites of the three majors.

Interest continues in imported granular urea at £95/t in bags on farm delivered but all the early bargains in imported AN have now disappeared leaving modest tonnages at about £77/t for December/January delivery.

Contracts are for payment in March at a price which in itself is also a bargain.

With the first signs of activity in the autumn market PK prices remain firm at £118-120/t.

Early indications are that volumes in this market will also be lower than last season as farmers see a PK holiday as a way to further reduce costs.

If early reports about harvest are true and crops this year are indeed thin, then the investment in autumn fertiliser could be thinner still.

 


CURRENT MARKETS

 
















Pre-harvest delivery



Post harvest delivery


Small loads pay November


Imported Granular urea


Imported nitrogen


Deliver December


£87 £88


£92-95 dependant on month


£92


£95


£77 few imports


 




























20.10.10


complex/blend*


KN


KNS


20.5.15


England/Wales Grassland Markets


110-115/


105-110


90-95


90-95


90-95


England Arable Markets


No Market


93-96


93-96


93-96


Scotland


108-112/


103-108


90-95


90-95


90-95

*Complex fertilisers are those where typically all nutrients are combined in one granule.

 


IRELAND
















 

CAN


27.6.6 complex


25.5.5 complex


24.6.12 complex


Northern Ireland


92-96


125-130


115-120


123-126















 

CAN


27.2Omega.5


18.6.12


10.10.20


Republic of Ireland*


102-107


140-146


143-150


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£



 


FORTHCOMING MARKETS

Anticipated general prices post harvest













N/S (High S)


N/S (Low S)


PK. 0.24.24


92


92


120


 


BACKGROUND MARKET


Products not currently traded in volume













0.24.24


15.15.20


17.17.17


120


130-135


135-140


 


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

Source: Bridgewater .

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