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Gleadell Fertiliser Report

Seasonal Nitrogen sales are running at 20-25% behind levels seen at the same time last year so, although the market is steady today, demand will start to increase as autumn drilled acreages increase, says Calum Findlay, Gleadell Agricultures fertiliser trader.

There are small parcels of UK manufactured nitrogen still available for Oct/November; these remain good buys in todays market.

Imported AN tonnages are well down, and prices have struggled to compete with the aggressive pricing by the nationals. But, with the UK only producing 55% of what the UK market requires, at some stage imported products will feature.

Internationally, urea prices have temporarily weakened as demand is low and China have been actively moving product before their export tariff increases on September 15th. Traders expect this and renewed demand to stabilise prices. Expect prices to gradually increase as we enter October/November.

PK enquiries seem restricted to spot demand only. Phosphate prices are firm in the forward positions and Potash prices are static, Mr Findlay adds.

Calum Findlay, fertiliser trader. Telephone 01427 421244 or email calum.findlay@gleadell.co.uk

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