Farming News - Fertiliser market update from ADM : Granular urea availability severly limited
Fertiliser market update from ADM : Granular urea availability severly limited
Calum Findlay of ADM comments on the fertiliser market
Granular urea availability for December shipment is severely limited due to new restrictions imposed by Egypt on fertiliser exports.
The Indian tender has also taken much of December tonnage off the world market, further tightening supply. Demand in Europe and South America has still to surface so values look well supported going into Q1 2022.
UK ammonium nitrate producer CF has increased prices by about £20/t. A further rise on the next set of terms is expected.
Rising tensions in Belarus and German regulatory delays to the Nordstream 2 gas pipeline could again have an impact on European gas markets. This is likely to underpin European nitrogen fertiliser production costs.
With an increase in seasonal logistical pressures, product bought for Nov/Dec delivery is becoming increasingly hard to execute. Delaying purchasing decisions further will mean orders placed in spring 2022 will face delays – prompt deliveries will not be an option.
DAP prices have increased again and MOP and TSP levels remain high.