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

Ammonium nitrate

CF has raised AN prices following last week’s move from Yara for European AN. The new offer covers July to October deliveries, although terms remain extremely competitive so imports are likely to remain limited.

Granular urea

The urea market has remained quiet and prices have traded sideways this week, although they remain at historic lows.

The strengthening of sterling against the dollar has eased UK values, presenting another opportunity to pick up tonnes close to market lows.  

PK

Prices remain flat for both phosphate and potash as demand remains slow.  Indications remain that ICL are looking to firm MOP prices, but this is yet to be reflected in current offers.

DAP remains an excellent buy for anyone looking for a starter fertiliser for OSR crops.