Calum Findlay, Gleadell’s fertiliser manager, comments on fertiliser markets:
Urea
The granular urea market has corrected downwards this week after an increase of lower value sales globally. The market appears to have bottomed out, with new sales concluded yesterday at $5 higher than previously seen.
The prilled urea market has not experienced the movements seen on granular product. Prices have corrected slightly, but this weakness is seen as short term on the back of neighbouring correcting granular markets. There have been no new sales of prills in the last week and prices are likely to remain stable for the short term in the UK.
ALZON 46
Stabilised urea is finding a lot of support; the mode of action, flexible application times and reduced emissions/losses should all be of interest to the UK farmer.
Ammonium Nitrate
Ammonium nitrate in the UK continues to move at a steady but slow pace. Prices for imported product can be seen on farm at similar levels to previous weeks with no real movements. UK product continues to move higher as months progress and it is recommended that as the weeks pass demand will outstrip supply as we enter the new year.
