Gleadell fertiliser portfolio continues to expand

"We continue to expand our imports programme along with the portfolio of products offered to the UK farmer," says Calum Findlay, Gleadell Agriculture’s fertiliser trader. "This week we have discharged 7,000 tonnes of fertiliser products through our Avonmouth facility and 13,000 tonnes of Egyptian Granular Urea arrived into Immingham on board the MV Arklow Wind."

Mr Findlay notes the consensus is that the more bearish tone in the Urea market will be short-lived as Brazil, India and Pakistan all have to return to the market at some stage and have substantial quantities to secure.

He comments that the forward supply/demand figures do not suggest that the market is long of material for the next three to six months, and the general price trend is up with prices this week for Q4 firm and now rising. The correction seen is owing partly to prices overheating in late May/June and was perhaps a little too much too soon.

"Granular Urea prices today should be recognised for what they are - an opportunity to buy. With our imports this week and our future plans we have the right products and attractive terms to offer growers July through to December - as well as prices for Prilled Urea," adds Mr Findlay.