Gleadell Fertiliser Report
FERTILISER MARKETS by Calum Findlay, fertiliser trader.
Political turmoil in Egypt upsets the normal smooth running of fertiliser exports…
FERTILISER MARKETS Calum Findlay, fertiliser trader
Political turmoil in Egypt upsets the normal smooth running of fertiliser exports and prompted firmer Urea prices. Russian granular has moved up by $15/tonne and the US market has rebounded by $20/tonne in the past three days on account of the news from Egypt.
Collectively, the four Egyptian exporters ship about 280,000 tonnes per month of Granular Urea and account for 9% of world Urea exports. They constitute the most important regular source of granular urea for traders in the world.
European buyers have moved quickly to buy Urea from inventories and stocks will deplete quickly with the extent of the export cutback in Egypt still uncertain. Rumours are circulating that the situation has deteriorated this week and, with the peak application season fast approaching in Europe and the US, any cutbacks in supply will be strongly felt in all areas.
GrowHow and Yara UK will keep its February and March AN prices unchanged for now, with the quieter market finally allowing them to catch up on its delivery backlog
Whilst demand from the grassland sector remains slow, suppliers will be raising NPK prices to reflect higher input costs. The increase in potash prices on the continent is now being reflected in the UK market.
Phosphate production in Tunisia is down – as there are port closures in Egypt – with potential for disruption to Suez transits. In addition, the major producers are sold out for the next 30 days at least and demand is set to soar in the coming weeks. All of the above factors combine to ensure Phosphate prices remain firm. The global fertilizer market is tight and agricultural commodity prices are at an all time high keeping fertiliser production/sales at almost full capacity.
FERTILISER market information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk
Press queries or for further Gleadell contacts, call Ahead PR on 01904 634040 mail@aheadpr.eu
1. Gleadell Agriculture currently has offices in Full Sutton (Yorkshire), Hemswell (Lincolnshire), Swaffham (Norfolk), Lyndon (Rutland), Warminster (Wiltshire) and Bilsborrow (Lancashire).
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.
