Fertiliser Market Report - 26th April 2013
As crops continue to advance after a very slow start, things are now starting to look more positive as the weather improves.
All crops are four to six weeks behind in growth stages and fertiliser demand mirrors this delay with growers only purchasing when required, taking a ‘little and often’ approach to application to encourage backward plants to grow.
This buying trend does make executing movement very difficult for suppliers as orders are required immediately and are very often not full loads. UK prices are very inconsistent due to this sporadic demand, which looks as though it will continue.
Although it is typically late in the season for urea demand, in the UK buying is still evident as global levels continue to correct downwards. Prices for granular urea have taken a downward dive after a sale this week into India at $20 below last trades.
It is important to remember, however, that although this shows a negative trend to the world market, in the UK we are weeks behind this trend and there are few stock positions that will help to support prices in the short term. Attention will soon turn to the next campaign; any further dips in pricing will start to attract buyers.
AN prices in the UK have slowed and are stable, not really showing any signs of firming further. It seems that the price seen today on both imported and UK will remain static throughout the April/May period, with imported AN still trading in the region of £295-£303/t and UK still achieving £306-£310/t delivered to farm.
Manufacturers appear to be in no hurry to discuss a new season correction, preferring instead to concentrate more on demand that will surface in the coming weeks, particularly in the west onto grassland.
UK demand is currently strong for DAP/TSP as maize and cover crops are being drilled. Prices remain slightly weaker due to competitive pricing and there is very little activity worldwide. Many large global buying countries are awaiting firm indications of forward pricing and the end of a delayed winter season. Both China and US markets are expected to kick off the next buying season soon.
Strong UK demand for NS grades is still evident and provides great value for money compared to straight nitrogen products.
No comments posted yet. Be the first to post a comment
Please enter your name
Please enter your comment
Your comment submitted successfully.Please wait for admin approval.
Some error on your process.Please try one more time.
Butchers in the UK are losing a generation through lack of training opportu...
NASA research has revealed how dust blown from the Sahara desert helps supp...
“In the run up to the Budget 2015 most commentators were predicting that th...
The UK’s first fully operational floating solar panel system has been unvei...
Axing the badger cull in England and Wales will save more than £120 million...
By 2025, solar power could become one of the cheapest forms of energy in ma...
Demand for Scottish farm land remains strong and continues to be better val...
The Welsh red meat industry should aim to increase sales by at least 34 per...
Fears about the impact that a proposed transatlantic trade agreement could ...