Farming News - Fertiliser market update from ADM

Fertiliser market update from ADM

24 Jun 2022
Frontdesk / Arable / Finance

Calum Findlay comments on the markets

Global granular urea markets have seen an uptick in activity this week. Reported trades for the 46N product have risen about $55/t since Monday.

Volatility in European gas markets continues to affect ammonia production in the region, with two plants shuttering operations since last week.

European nitrate pricing and availability continues to create a premium destination market for other nitrogen products.

Spot UK ammonium nitrate pricing and forward granular urea pricing remain unchanged at present, holding firm despite seasonal lulls in the market.

Liquid urea ammonium nitrate pricing is available for spot delivery and all nitrogen and nitrogen sulphur grades remain available.

Phosphate and potash prices remain stable-to-firm despite the demand destruction being seen in South American markets.