Now urea is in short supply


By Roger Chesher


IMPORTED ammonium nitrate is once more available, but granular urea remains hard to come by.


Unless otherwise stated, comments about availability in this commentary apply to new material.


Stores of older cargoes, although grossly depleted, do exist, especially in the East.


Current high prices of domestic material have prompted merchants to raise prices of stored imports by some 3/t but, fortunately for the farmer, some have not yet risen to the customary position of about 10/t behind UK product.


Cargoes of eastern European AN are reported in the East at around 90 bagged on-farm, whereas better-quality Lithuanian AN is priced around 95 on-farm.


Volume sales have slowed this week.


Arable buyers need little at present and, with the first dressings complete in the grassland sector, there is a lull before the second-cut market starts in the south-west.


This is probably just as well, because stocks are reported to be low.


For these reasons, the volume of nitrogen actually sold at the new higher prices is modest, but the pricing will take maximum effect when farmers seek to buy silage fertiliser for second cut.


We will have to wait a little longer to hear the new arrangements for the ownership of Kemira Agro UK, with announcements now delayed until May.

CURRENT MARKETS























Immediate delivery N (SP5)

May/June delivery N pay cash

Imported urea (if available)

Imported AN (if available)

Blended 20.10.10

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

£110-113

£120 (forecast)

Granular unavailable; prilled 105

90-95

£110+

£101-103

£103-107/100,000 litres or £81-87/t












NPK

April, pay cash

Complex 25.5.5

111-113

20.10.10/29.5.5

121-123

17.17.17

130-133

 

IRELAND

















 
Imported urea

CAN


0.23.24


0.16.36


Complex compounds
27.6.6


Northern Ireland

Not available

95

No market

No market

125-126















 

CAN


0.10.20


Urea, imported


27.21/2.5


Republic of Ireland*

110-124

No market

Not available

155



*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=UK0.769 on 12 April


     

    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 Partnership

  • Upcoming webinar

    What does the future of farming look like post Covid-19 and Brexit?

    Register now
    See more