Gleadell Fertiliser Report
In the UK, the nationals have moved Nitrogen prices upwards as demand is strong and the UK requirement is likely to increase as both winter wheat and OSR acreages are set to increase…
- Prilled Urea prices have closed the gap on Granular as little tonnage remains unsold and prices in all markets remain firm.
- In the US, a lack of Ammonia and high UAN prices continues to push prices higher and Granular Urea prices have surged upwards.
- In Europe, strong demand continues to underpin Egyptian granular prices, buoyed by low inventories, production issues, high crop prices and a lack of alternative nitrate products.
- In the UK, the nationals have moved Nitrogen prices upwards as demand is strong and the UK requirement is likely to increase as both winter wheat and OSR acreages are set to increase as excellent drilling conditions continue.
- European buyers have finally accepted higher Phosphate prices, the US continues to lock in further tonnes for winter fill and, as Indian demand is strong, this market can only firm further.
- Potash demand is strong but prices remain stable and price increases should only be minimal as we move in to the fourth quarter.
1) Prices quoted are indicative only at the time of going to press and subject to location and quality.
2) Gleadell Agriculture cannot accept liability arising from errors or omissions in this publication.
3) mln/t = million tonnes, mt = metric tonnes, kg/hl = kilogram per hectolitre, k/mt = thousand tonnes.
