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

Granular urea

Global markets have remained stable this week as significant tonnes continue to be booked for shipment to the US.

India has announced its first tender of the year with this news likely to bolster levels further.

Markets remain firmer than many speculators had anticipated, leading to a reluctance to offer further tonnes in forward positions.

Conditions continue to be ideal for applying urea in the UK. Cool temperatures and damp mornings will minimise losses and, at current prices, urea remains the most competitive buy on a nutrient cost basis.

Ammonium nitrate

With imported stocks down 20% year on year and significant demand still expected for top-up tonnes from the grassland sector, prices have firmed.

CF has announced price rises for Nitram and NS grades as pressure on deliveries mounts.