Farming News - Weekly Fertiliser market update from ADM
Weekly Fertiliser market update from ADM
Calum Findlay comments on the markets
US prices (NOLA) have slipped due to regional demand concerns for nitrogen and traders chasing values that calculate to re-export to other markets such as India and Brazil.
North African FOB prices remaining supported by Europe, which continues to be a premium market due to regional production costs.
UK granular urea continues to trade at a discount to ammonium nitrate (AN) and urea ammonium nitrate (UAN) products on a £/kg basis.
Natural gas prices jumped about 9% this morning in the UK, hitting highs not seen since March/April 2022, when AN prices were between £785-915/t.
AN terms for spot delivery remain available on a limited tonnage basis.
Liquid UAN prices remain available for summer tank fill. Spring fill terms are not yet available.