Fertiliser market quiet over Whitsun


AGRICULTURAL merchants and fertiliser traders are no different from anyone else who is not actually farming themselves in wanting to take advantage of a break around a bank holiday.

Consequently, apart from the aftercut market in Scotland, actual sales of fertiliser have been quiet.

Scottish orders for group business have been reported in the mid to high £80s for KN and NKS products but individual farmer purchases continue to be on an ad hoc basis with consequently higher prices.

Speculation about the forthcoming nitrogen market has, however, not been so quiet with some merchants talking of prices for 34.5% N domestic ammonium nitrate below £85/t.

This has to be way below the expectations of the majors who must hope for the season to start about £90/t if historic market patterns are to be repeated.

At the moment, prices are rock bottom and can only rise. But its impossible for anyone to guess when.

With the spot market still about £88-92/t on-farm delivered for nitrogen, one could anticipate that the majors will open the season at or around that level.

Very few cargoes of imported nitrogen have arrived and one of those was impounded at Brightlingsea, allegedly for errors in documentation.

Few are anticipated at the start of this season and so all eyes are on Terra, the biggest player in the domestic nitrogen market, to set terms.

In contrast, prices for PKs should hold firm at about £120 per tonne but attractive prices for imported 8.24.24 could be a possibility once the market gets under way.

Spot prices for CAN in Ireland have risen slightly.

CURRENT MARKETS

 


































 


20.10.10


complex/blend*


KN


KNS


20.5.15


AN (Import)


AN (Domestic)


England/Wales Grassland Markets


110-115/


105-110


90-92


90-92


90-92


80-84


88-92


England Arable Markets


No Market


93-96


93-96


93-96


80-81


Not active


Scotland


108-112/


103-108


88-95


88-95


88-95


80


90-93

*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


96-100


128-130


118-120


125-128














 

CAN


27.2 Omega.5


18.6.12


10.10.20


Republic of Ireland*


108-112


140-145


143-150


156-160


*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 from 01 June















AN (Import)


AN (Domestic)


N/S (High S)


N/S (Low S)


PK. 0.24.24


78-80


86-92


92


88-92


120


 

BACKGROUND MARKET

Products not currently traded in volume











0.24.24


15.15.20


17.17.17


122


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 Associates

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