Gleadell Fertiliser Report

FERTILISER MARKETS  Calum Findlay, fertiliser trader 

The Urea market is on fire.  The market continues to firm, with prices strengthening from most major origins thanks to very limited availability from most sources.  The shortage is particularly acute in Southeast Asia, where demand is clearly outstripping prilled urea supply.

Indeed, the rate of price increase is causing concerns that the market may overheat.  The lack of supply looks most evident over May and June; hence prices are expected to remain firm, at least until China enters the market in July.

The largest price rise has been witnessed in Egypt with an increase on last week of $21. In the US, Urea barges have also strengthened as the domestic season began to show movement.

In the UK, Ammonium Nitrate supply is still tight.  We are still waiting for the nationals to release their new season price but demand is slow, partly due to the dry weather.

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.