Flurry of sales ends fertiliser season


By Roger Chesher


THE 2000/2001-fertiliser season draws to an end with a flurry of sales in May, all of which are for immediate use.


The spring as a whole will have disappointed suppliers expectations, with low volumes caused by poor weather and reduced plantings, topped off by foot-and-mouth.


May, however, made up for this in part as farmers could finally get on to crops for top-dressing.


The high level of sales led to some competition in the marketplace and prices have fallen back by a pound or two on previous weeks, but the big price drop was, of course, at the beginning of the month.


Some suppliers have expressed surprise at the size of orders, some as little as 1.5 tonnes, which means that users would need to pay a hefty premium for so small a delivery.


There must be sense in pooling orders and sharing the savings where possible.


With the new season pricing imminent, there is only speculation that nitrogen will be pitched around 108-110 in July.


Importers are still clearing the decks before committing to new material but should be able to compete at around 100 when the time comes.


The big question remains; will farmers benefit from buying early in the 2001/2002 season as they have in this?


On balance they should, as demand next spring is forecast to be considerably higher than this.


CURRENT PRICES


















New-season nitrogen (SP5) 34.5%

Anticipated new-season (July) domestic nitrogen

Imported urea (if available)

Imported AN

Blended 20.10.10 and 25.0.16

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


June 120-124


July 108-110


No market

116-120 ex-stock

116-117

113-115

140



















NPK

June, pay cash

July, imported N

Complex 25.5.5

118-120

95-100

15.15.20

143


20.10.10/29.5.5

121


17.17.17

148













After-cut NK cash

0.24.24

TSP (47% P2O5) bagged

Muriate of Potash (60% K2O) bagged

118

114-116

135-140

115-118

 

IRELAND

Forecast spring prices
















 
Urea

CAN


24.6.12


0.16.36


Complex compounds
27.6.6


Northern Ireland

Market over

122

148

No market

148















 

CAN


24.21/2.10


Urea, imported


27.21/2.5


Republic of Ireland*

145-155

185

190

187

*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=UK77.82p; US$1=UK72.36p on 08 June

     

    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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