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Gleadell Fertiliser Report

By Calum Findlay, fertiliser trader.

  • Urea prices remain firm. In the US where they are still playing catch up, values have firmed almost $20 over the last week.
  • Egyptian manufacturers have rejected further December bids and are almost sold out. They are expecting to post higher values for Q1 2011 sales.
  • In the UK, the Urea market is quiet, but this product is still the most cost effective Nitrogen product so will be viewed by many as the best first dressing option.
  • We expect demand will pick up as January approaches.
  • December allocations for UK Ammonium Nitrate are almost complete. January terms are 310 delivered.
  • Lithuanian AN is available, guaranteed to spread 24 M by SCS. This should be considered as a replacement for UK product.

For further information contact Calum Findlay, fertiliser trader on

01427 421244 calum.findlay@gleadell.co.uk

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.

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