Calum Findlay, Gleadell’s fertiliser manager, comments on fertiliser markets:
Urea
The market remains stable with producers comfortable for February/March but need new demand to support prices going forwards after this period. In the short term, we see no reason for prices to weaken as applications have started across Europe.
There has been no improvement in the gas supply position in North Africa, export volumes are being restricted with increased domestic commitments.
Ammonium Nitrate/Sulphur
Values continue to reflect the tightening of available product in the FSU and Europe. GrowHow have released new terms for March to take immediate effect. CAN prices move up in Europe.
Ammonium Sulphate is firming with limited availability in the UK and Europe for March.
Phosphates
Production cuts help to stabilise the market. UK blenders have posted new, higher prices. Buying interest from the US and India will arrive and this will only help to strengthen values further. Despite price rises, Phosphate values are at historically low levels so still present a buying opportunity.
Potash
All producers have moved values upwards in advance of a big season approaching.
Blenders in the UK have moved prices up to reflect higher replacement values.
The outlook is for firming prices as spring demand increases.
