Gleadell Fertiliser Report
FERTILISER MARKETS by Calum Findlay, fertiliser trader.
FERTILISER MARKETS
Global Urea prices have weakened in all major markets as buying appears to be at a low ebb. However, with India – which is the worlds largest importer of Urea – about to tender, a nervous feel has entered the market. The Indian tender opens this Friday for an unspecified quantity. This is to satisfy demand for the up and coming Kharif season and will be for April/May arrivals. Nobody knows how much they are to tender for as this will all be negotiated by the three main buying agencies but, if the tender is large which it easily could be, this market could ‘bounce’ again.
The current wide spread between Urea and Ammonium Nitrate prices is prompting some farmers, who have already sold grain in the forward positions, to buy Urea for the 2012 season to lock in input prices.
Global Phosphate markets remain tight and a conclusion has yet to be reached by the dominant Indian buyers on contract agreements. Replacement supply is very tight worldwide, any sudden heavy buying would definitely squeeze prices upwards.
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 (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.
