Calum Findlay, Gleadell’s fertiliser manager, comments on fertiliser markets:
Urea
Egyptian tender yesterday traded up $5 dollars, adding further firmness to the worldwide market. This has still not been fully reflected in the UK on farm prices.
The same situation for AN - with prices based on limited stock already here and the worldwide market trading at higher levels. With only a month until first application, product availability may start to become an issue. This will only result in higher prices on the horizon.
Potash
Some agreement has been reached between producers and Indian and Chinese buyers, with prices offered at levels similar to that in the UK, lending some support to prices. Similar to Phosphate, stock levels are such that huge demand is not expected in the short term. Low quality imported potash is entering the UK market at prices £5-10 below UK product prices and finding limited support.
Phosphate
The market has eased worldwide, with reduced activity and increased stock for users and producers. The current values are the lowest seen for a year and are an opportunity to buy for this season.?
