Fertiliser Market Report - 19th August 2013

Calum Findlay, Gleadell’s Fertiliser Manager, comments on the fertiliser markets:

- Urea New production in Algeria, remaining Chinese stocks and slow purchasing in India and Pakistan are all depressing the market. Granular urea is trading around the 0.6p/kg N level, a strong discount to other nitrogen sources.

- Ammonium nitrate Limited news in the AN market with values currently stable. Enquiries for Sep–Oct delivery are coming in, with a reasonable amount of buying. The European market for AN is slightly firmer than the UK, keeping product supply reasonably tight.

- P & K Products Phosphate and potash levels continue to trade at a 12-month low, at a time of oncoming autumn demand. We have many options for P&K available, from economic Fibrophos for stubble application, to crop-specific seedbed blends and P & K straights.

Piamon 33N:30SO3 Gleadell has a limited amount of urea sulphur compound, for autumn delivery. Ideal for cereals and oilseeds, Piamon is an ideal first application product. With a net £20/t saving over other AN:S products and concentrated formulae to reduce application passes, Piamon has been tested by SCS and is guaranteed to spread to 32m.