Gleadell Fertiliser Report
FERTILISER MARKETS by Calum Findlay, fertiliser trader.
FERTILISER MARKETS Calum Findlay, fertiliser trader
Surging US prices and the continued uncertainty in Egypt have been the talking points this week.
The political and civil unrest in Egypt has seen logistical problems such as port restrictions, slow loading and lack of trucks put a halt to exports.
Demand for Urea in Europe has risen as farmers switch to Urea to replace CAN and AN where production problems have caused shortages and large price rises.
In the UK, national AN is now priced at 330 a tonne delivered, and both GrowHow and Yara are considering yet another price rise to bring prices into line with increases already fixed in France.
Lithuanian product, the only really genuine replacement for national product, is available in the UK at a good discount, but growers should be quick as new shipments that were destined for the UK are now finding their way into French ports at more money.
The Phosphate market has been stable but spring demand in Asia, South America and the US will see prices move upwards in the weeks ahead. Potash interest is increasing with some areas still to purchase.
Producers watch with interest but expect higher prices as historically high grain prices will continue to support fertiliser price increases.
FERTILISER market information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk
1. Gleadell Agriculture currently has offices in Full Sutton (Yorkshire), Hemswell (Lincolnshire), Swaffham (Norfolk), Lyndon (Rutland), Warminster (Wiltshire) and Bilsborrow (Preston).
2. Gleadell Agriculture Ltd is equally owned by Toepfer International – based in Hamburg, who trade in all agricultural products globally; and InVivo – based in Paris, who trade agricultural products on the international markets and operate major grain storage and handling facilities.
3. Prices quoted are indicative only at the time of going to press and subject to location and quality.
4. Gleadell Agriculture cannot accept liability arising from errors or omissions in this publication.
5. mln/t = million tonnes, mt = metric tonnes, kg/hl = kilogram per hectolitre, k/mt = thousand tonnes.
