Gleadell Fertiliser Report

FERTILISER MARKETS  Calum Findlay, fertiliser trader

In general, the urea market remains firm with higher prices confirmed in Yuzhny and the Arabian Gulf.  Short covering appears to be the main driver as traders cash-in existing positions.  Looking ahead, the demand outlook is uncertain and European buying for the present season will draw to a close soon.

In the UK, the wide spread of prices between AN and urea that were seen last week are narrowing and AN looks to be firming again as supply gets tighter.

The phosphates market is still stable to firm, with producers – particularly Russian producers – very comfortable for April and into May.  Spot tonnes are already beginning to sell essentially at rollover prices to a slight increase.

FERTILISER market information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk

• Gleadell Agriculture currently has offices in Full Sutton (Yorkshire), Hemswell (Lincolnshire), Swaffham  (Norfolk), Lyndon (Rutland), Warminster (Wiltshire) and Bilsborrow (Lancashire).
• Gleadell Agriculture Ltd is equally owned by Toepfer International – based in Hamburg, who are one of the largest global traders of agricultural products; and InVivo – based in Paris, who are the leading provider of goods and services to their partner cooperatives and one of the largest traders of European grain.
• 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.