Farming News - ADM Agriculture Fertiliser Market Report
ADM Agriculture Fertiliser Market Report
Calum Findlay, ADM Agriculture’s head of fertiliser, comments on the markets
Hemswell, Lincolnshire, 1 October 2020
India has returned to the market, announcing a further urea tender for an undisclosed tonnage late yesterday.
Global prices reacted immediately, rising $5-10/t on the day, having traded down almost $30/t during September from the August highs.
The UK urea market remains slow, but there is still a clear opportunity to buy today for Q4 in a market that, at some stage, will move up again.
CF pulled terms with a firming picture for Q4 emerging. A large winter cropping area is slowly being realised, there is new-found stability in the urea market and raw material costs remain steady to firm.
Phosphates values are increasing as replacement costs continue to rise.