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Gleadell Fertiliser Market Report

The latest market update from Gleadell Agriculture.

Urea

> Over the past week the market has been dominated by discussions regarding the STC urea tender in India. Negotiations continue with many unsure on whether the market will firm further, or the view that the market may correct once India is finalised. What is certain, however, is that for the short term the market seems firm with demand still remaining positive. There is a Pakistan tender later this month and then yet another tender from India on the horizon.

> European demand is expected to emerge, as well as Brazil and Latin America. In the UK, buyers are taking positions in forward positions, triggering some interest back in the market. As all fertiliser is priced in US Dollars, the recent weakness in the Euro, and relative strength in Sterling will not materially affect UK nitrogen prices.

Ammonium Nitrate

> At present, Global supply is tight as producers in Russia and Ukraine are selling locally and have low availability for export. Strong demand is still apparent in the UK with prices unchanged on imported product.

> As urea remains firm, imported AN on offer today for new season looks a great buy. Gleadell are offering Lithan for June-August delivery at very competitive levels.

Sulphur

> A more upbeat sentiment to the global market this week.

> Gleadell launched their new ‘Granular NS’ fertiliser last week, a granular compound containing 27.5N / 11SO3 / 6MgO all in readily available forms, allowing easy uptake by all plants. This little and often approach to Sulphur and Nitrogen application will provide adequate supply of these nutrients at all the main growing phases and limit potential losses through leaching. Guaranteed as 95% 2–5mm.

Phosphates

> Global phosphate producers are now sold out for May and the majority of June. Demand is strong and prices continue to firm. New statistics released show that global DAP production from April 2011 to March 2012 increased by 11.5% compared to the same period the previous year. NP/NPK production dropped 10.9% from April 2011 to March 2012 compared to the same period the previous year.

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

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