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

Urea

Prices quoted in Egypt have increased over the past week as buyers continue to return in advance of spring demand.

December is sold out and the remaining tonnes for January are being sought by trading companies who feel more comfortable now values would appear to have bottomed out.

Across the EU there are large volumes still to be placed and with weakening grain prices, the cost of a kg of N may become more of a focus as we enter January.