Snow and further cold weather have once again deterred buyers across the UK but it is clear nevertheless that transport for immediate delivery will now be the next hurdle to overcome. We would highly recommend that those who still have fertiliser to buy place orders as soon as possible.

AN prices for both UK and imported product have firmed on the back of limited stock levels and phosphate and potash prices are rising daily as international buyers return to the market.

Urea

Global prices have fallen by about $30/tonne over the past 10 days as the urea season comes to a close in other parts of Europe.

Ammonium Nitrate/Sulphur

Imported ammonium nitrate prices have firmed further this week due to a continued lack of both availability and currency. April terms now reflect replacement values and there is still room for the market to move even higher.

CAN demand in Europe seems to have slowed but prices remain stable. However, ammonium sulphate prices have firmed as enquiries for April and May start to appear.

Phosphates

As global producers stop production and new buyers surface, the market has become tighter. Prices have increased but remain well below those seen last year so taking in stock and financing may still be a sensible option as the outlook looks firmer.

DAP continues to firm as European seasonal spot buyers agree last minute March/April tonnes.

Brazil has started its import season for phosphates, requiring nearly 250,000mt over the next few months. This will have a direct impact on global pricing.

Potash

Producers have now agreed April shipments after holding out for higher levels.

Prices in Europe and the UK have picked up as demand increases. Product availability is also low in the UK compared with elsewhere in Europe. Prices are approximately £10/mt higher than last week’s values.