Farming News - Fertiliser market update from ADM
Fertiliser market update from ADM
Calum Findlay, ADM Agriculture’s head of fertiliser, comments
US urea prices have slipped as traders compete to sell vessels into this market, the largest active one at present.
Brazilian and Indian demand could resurface as early as next month, which may drive markets higher once again.
UK nitrogen product markets have little appetite for new vessel arrivals and prices remain stable against stocks.
European ammonium nitrate prices remain elevated due to reduced supply through Q3/4 2021 and high natural gas prices, helping to maintain stable pricing in UK.
UK arable farmers have been buying to ensure coverage of first and second applications, which is advisable due to continued haulage disruptions.
Liquid UAN pricing remains stable alongside urea and AN.
PK pricing has seen little movement week on week.