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

Granular urea

Global markets may be stabilising following a period of price pressure, if recent trades are anything to go by.

While European demand remains moderate, it is likely to increase as further buying will be needed in order to cover spring requirements.

Gleadell is currently offering Egyptian product for delivery after the New Year with finance terms available.

Ammonium nitrate

European prices have remained stable after Yara’s recent price rises. The UK has yet to follow but aggressive pricing continues, with CF Fertilisers putting further pressure on long holders of imported product.

Traditional buyers of imported AN should consider all options this season, including UK product.

Phosphate and potash

Potash levels have remained under pressure with ample stocks available. Anyone with PK requirements and some nitrogen left to buy should strongly consider CF Fertilisers’ NPK compound range, which is well priced compared to blends.

PK interest remains flat and is unlikely to increase until spring demand emerges.