Calum Findlay, Gleadell’s fertiliser manager, comments on the fertiliser markets

Granular urea

Demand from the US continues to support the global market. Pricing now looks stable to firm over the next six weeks.

Key markets such as Brazil and Europe have had to raise offers to secure any tonnes.

Uncertainties of the UK’s position in the EU has led to a weaker currency, firming values in the UK even further.

The bottom of the market might have passed, but urea values remain extremely competitive at 50p/kg of N.

Ammonium nitrate

All suppliers in the UK have now moved onto March delivery and demand continues to increase as applications have begun in most areas.

CF’s dominance in the market has pressured AN importers to reduce prices in order to move tonnes in a very competitive market.

NPK

Values this week have remained relatively stable.

Higher prices from Cleveland Potash are expected to firm MOP values as we enter March.

One immediate issue is fertiliser deliveries as blenders are close to capacity when it comes to fulfilling current orders.

Anyone still requiring PK’s should consider buying now to secure delivery in time for application.