Gleadell Fertiliser Report

Fertiliser report for September 17 2010.

Granular and Prilled Urea prices have taken off again this week as a resemblance to the 2008 market starts to unfold

• Yara`s new AN price in Europe will be mirrored in the UK and new Nitrogen terms are expected to rise sharply.
• Large CAN prices announced in Europe have already been accepted as the Nitrate situation continues to tighten.
• Granular and Prilled Urea prices have taken off again this week as a resemblance to the 2008 market starts to unfold.
• Global demand for all nitrogen products is very firm with low stocks and, with the US, Asia, Europe and South America all in the market together, the market could ‘run-up’ for sometime.
• Phosphates are very, very firm as September supply is nil and demand in the US has increased due to firm corn prices.
• Potash suppliers have suddenly taken a more aggressive stance on pricing due to good market sentiment and rises in the Nitrogen and Phosphate sectors.

Prices quoted are indicative only at the time of going to press and subject to location and quality.
Gleadell Agriculture cannot accept liability arising from errors or omissions in this publication.
mln/t = million tonnes, mt = metric tonnes, kg/hl = kilogram per hectolitre, k/mt = thousand tonnes.