Gleadell Fertiliser Report
By Calum Findlay, fertiliser trader.
Urea prices have gone up again this week at several origination points. July is now mostly sold out and producers have moved prices up a further $10/tonne for August offers, says Calum Findlay, Gleadell Agricultures fertiliser trader.
Demand from Europe is high as interest continues to increase on the back of higher Ammonium Nitrate and CAN prices. Even Yara are rumoured to be in the market buying Egyptian Granular Urea.
GrowHow and Yara have released August nitrogen terms at 4/tonne more than July, mirroring prices released in France earlier this week.
Raising its head again this week, the uncertainty on gas supplies to the Ukraine will add further pressure to both the supply of nitrogen and price direction.
Phosphate prices remain stable-to-firm and with demand reasonably good in the weeks ahead levels are unlikely to weaken.
Potash remains quiet although on-going tenders in Sri Lanka, Iran and India are supporting prices. Buyers would like to see stable prices going forwards – producers on the other hand will be pushing for higher prices, Mr Findlay adds.
For further information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk
