Latest Gleadell Fetiliser report

UREA

On 13th July the announcement of another Indian Urea tender brought several more buyers back to the market.

Demand from Latin America has resurfaced and the US has a large requirement for Urea for autumn fill which is likely to start following the annual Southwest Fertiliser Conference this week.

Producers globally have reacted with this new wave of buying and manufacturers have raised prices by over $30 tonne this week in most areas.

With the Urea market now finding support, this will lend support to other Nitrogenous products. Yara have announced higher CAN prices in Germany and France but prices remain unchanged for AN in the UK for now.

AMMONIUM NITRATE

AN producers in Eastern Europe have managed to maintain pricing levels and, with renewed firmness in the Urea market, values now in the forward positions for October/November are being quoted at 10 higher.

POTASH

The European Commission has announced that anti-dumping measures on potash imports from Russia and Belarus will expire as of 13th July 2011. The anti-dumping regulations date from 1992 and were subject to review/revision every five years. The last review and extension was in July 2006 when the restrictions were continued but since then the potash market has changed beyond recognition, and it was agreed that the measures to restrict the import of potash from Belarus and Russia are no longer needed.

PHOSPHATE

Global Phosphate markets remain bullish and prices are finding support at higher levels. The markets number one buyer India is back in the market and with large volumes to buy and limited supply further increases are expected.

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 

• 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.