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

Ammonium nitrate

In the UK demand has slowed as the focus turns to harvest. With a large tonnage already booked, GrowHow will now start to implement its monthly price increases.

Prices for imported AN have also risen and September terms are now £3/t firmer than August. Monthly increases are expected in line with UK product.

Urea

Global urea markets have been quiet. US prices for pre-river-closure (August/September) have moved higher and Egypt has begun production earlier than expected. However, it is uncertain how long this will last.

Chinese urea exports saw record first quarter numbers and was also up 100,000 t in Q2 compared with 2014.

UK buying remains quiet, with product from various origins on offer, reflecting below-replacement values.

Phosphate and potash

Global markets remain stable as high demand continues from major importing nations.

In the UK prices remain under pressure as blenders compete in a quiet market. However, we are beginning to see growers enter the market for autumn PK requirements.