Our Managing Director, Andrew Major provides a monthly insight into all you need to know about the current fertiliser market and prices.
We witnessed world prices for fertilisers fall towards the end of 2019, this has been helped further with a strengthening of the pound sterling. Manufacturers have now reset UK prices and are considerably cheaper than they were at the same time last year.With the now improving weather that we are finally beginning to see, this may be a good time to look at purchasing fertiliser to make sure product is available for the first application when required. With the lack of forward buying, the pressure on supply logistics will be even greater than normal.February 2019 was an exceptionally warm month and enabled farmers to get a head start with on-farm applications. Orders which hadn’t been placed early enough faced lengthy delays of at least 4 weeks or receiving their orders as haulage and manufacturers struggled to keep up with demand.For more information, speak to one of our fertiliser specialists on 01939 211266.
REQUEST A FERTILISER QUOTENew season fertiliser will be upon us in the next couple of months. With many farmers caught out by this season's price rise, what can you do today to mitigate your risk?What caused this year's price trend?Global urea values increased by £60 per tonne throughout the season. China – the world's biggest producer – had reduced exports by almost ten million tonnes, due in part to emission concerns forcing the closure of many plants. Outside of agriculture, global urea usage has also increased which has influenced the domestic Ammonium Nitrate (AN) market. Today, we're approximately £60 per tonne above new season prices.Despite continual price rises, UK-produced AN has held a superior position in the domestic nitrogen market this season. The lower value of sterling has increased the cost of imports into the UK, encouraging buyers to seek supply from UK producers. Instead of exporting at a higher price, CF Fertilisers – the largest supplier of UK-produced AN – chose to remain competitive in order to remain a chief influencer in the UK market. This has caused a shift towards more use of UK AN.However, no year is the same.
REQUEST A FERTILISER QUOTENo items found.
