Fertiliser Price Tracker

Have been 'told' that some big players; buying groups & farming companies may have been in the bunfight as things rocketed with little or no cover. Is this actually the case?

By 'told' that is exactly what I mean-I have not been categorically informed of this as fact. Woldmarsh were mentioned...there are surely some members who may want to comment.

For clarity, we, I, would normally buy 2nd & 3rd cut silage N after new year for delivery before June. Looks like a stretching job on my urea!
Good morning. Having read your note I wished to respond to outline the position of Woldmarsh.
As @teslacoils has commented, it is not the place of a buying group to expose members to financial risk; however, to be clear, that does not prevent planning offtakes with key suppliers to take place well in anticipation of the buying window. This is why Woldmarsh, and other groups, promote the concept of "planned purchasing" to their members and adopting risk management strategies in turbulent times. This season it has been paramount to keep members supplied with factual, objective information in order that they can make decisions for their businesses. As usual, the large range of products; whether national, imported or liquid have been available although, as experienced throughout the whole fertilizer trade, suppliers have been in & out of the market due to the volatility experienced around the globe. For several years I have taken a very deliberate stance to support importers and manage our fertilizer book to mitigate supply risks to members; my thanks go to those who have returned that support by providing Woldmarsh members with an almost continuous supply of products. Written by Heather Claridge - Fertilizer Manager & Chief Operating Officer for Woldmarsh Producers
 

Steevo

Member
Location
Gloucestershire
Good morning. Having read your note I wished to respond to outline the position of Woldmarsh.
As @teslacoils has commented, it is not the place of a buying group to expose members to financial risk; however, to be clear, that does not prevent planning offtakes with key suppliers to take place well in anticipation of the buying window. This is why Woldmarsh, and other groups, promote the concept of "planned purchasing" to their members and adopting risk management strategies in turbulent times. This season it has been paramount to keep members supplied with factual, objective information in order that they can make decisions for their businesses. As usual, the large range of products; whether national, imported or liquid have been available although, as experienced throughout the whole fertilizer trade, suppliers have been in & out of the market due to the volatility experienced around the globe. For several years I have taken a very deliberate stance to support importers and manage our fertilizer book to mitigate supply risks to members; my thanks go to those who have returned that support by providing Woldmarsh members with an almost continuous supply of products. Written by Heather Claridge - Fertilizer Manager & Chief Operating Officer for Woldmarsh Producers

Thank you for coming on here and telling it how it is.

So refreshing when organisations get involved like this.
 

teslacoils

Member
Location
Lincolnshire
Thank you for coming on here and telling it how it is.

So refreshing when organisations get involved like this.

I think you'll find that there are many organisations on here in the background.

It's an interesting idea though of who do you trust as an info source? Do you trust your merchant who very demonstrably has a vested interest in making money from you yet at the same time is the one bringing in 10,000t cargoes of the stuff you want? Do you trust websites that provide info on say the gas markets? Do you trust folk on here who heard someone say something about someone else?

I don't really know the mechanics of ordering 10,000t of fertiliser. I mean, when do you pay for it? Do you buy it on the basis of it delivered to great Yarmouth in November or on the dock side in Alexandria? What's even the lead time on a boat of fert? Do you agree a price on a day, or say the average over a few weeks? I'd presume there are lines of credit and all sorts. Is it underwritten by an insurer? Perhaps a 10,000t cargo has reasonably firm interest in all of it split between buying groups, merchants, liquid fert makers etc before it even sets sail. And how do you do a deal - the biggest urea exporters are Egypt, China, Russia, Qatar and Saudi. I bet it's very exciting, but at the same time that face when your boat is stuck waiting to be filled up at however many dollars per day.

Back on the idea of trust - has *anyone* suggested that fert was going to go down at any point this season? So the cost of lack of trust has been very high.
 
I think you'll find that there are many organisations on here in the background.

It's an interesting idea though of who do you trust as an info source? Do you trust your merchant who very demonstrably has a vested interest in making money from you yet at the same time is the one bringing in 10,000t cargoes of the stuff you want? Do you trust websites that provide info on say the gas markets? Do you trust folk on here who heard someone say something about someone else?

I don't really know the mechanics of ordering 10,000t of fertiliser. I mean, when do you pay for it? Do you buy it on the basis of it delivered to great Yarmouth in November or on the dock side in Alexandria? What's even the lead time on a boat of fert? Do you agree a price on a day, or say the average over a few weeks? I'd presume there are lines of credit and all sorts. Is it underwritten by an insurer? Perhaps a 10,000t cargo has reasonably firm interest in all of it split between buying groups, merchants, liquid fert makers etc before it even sets sail. And how do you do a deal - the biggest urea exporters are Egypt, China, Russia, Qatar and Saudi. I bet it's very exciting, but at the same time that face when your boat is stuck waiting to be filled up at however many dollars per day.

Back on the idea of trust - has *anyone* suggested that fert was going to go down at any point this season? So the cost of lack of trust has been very
 

Top Tip.

Member
Location
highland
I think you'll find that there are many organisations on here in the background.

It's an interesting idea though of who do you trust as an info source? Do you trust your merchant who very demonstrably has a vested interest in making money from you yet at the same time is the one bringing in 10,000t cargoes of the stuff you want? Do you trust websites that provide info on say the gas markets? Do you trust folk on here who heard someone say something about someone else?

I don't really know the mechanics of ordering 10,000t of fertiliser. I mean, when do you pay for it? Do you buy it on the basis of it delivered to great Yarmouth in November or on the dock side in Alexandria? What's even the lead time on a boat of fert? Do you agree a price on a day, or say the average over a few weeks? I'd presume there are lines of credit and all sorts. Is it underwritten by an insurer? Perhaps a 10,000t cargo has reasonably firm interest in all of it split between buying groups, merchants, liquid fert makers etc before it even sets sail. And how do you do a deal - the biggest urea exporters are Egypt, China, Russia, Qatar and Saudi. I bet it's very exciting, but at the same time that face when your boat is stuck waiting to be filled up at however many dollars per day.

Back on the idea of trust - has *anyone* suggested that fert was going to go down at any point this season? So the cost of lack of trust has been very high.
If and I know it’s a big if,the price of fert falls back in the New Year there is going to be an awful lot of disgruntled customers and a heap of folk like myself who will be grateful that we haven’t got the room to store it. After all nobody forecast that it was going to reach the peak it has so they could equally be wrong going forward.
 
I wouldn't normally post on here but I do think it's important presently. We have reminded our members to consider the insurance cover they have for their fertilizer due to the cost of replacing any stocks now. Additionally, please consider your security as fertilizer is now attractive to those who may have nefarious reasons for visiting your farm. Please remember that it is illegal to buy or sell ammonium nitrate without the correct paperwork. Report any loss immediately. Link to the Government guidelines below for reference. Kind regards: Heather

https://www.gov.uk/government/publications/secure-your-fertiliser/secure-your-fertiliser
 

Wheatyflake

Member
BASIS
Location
East Midlands
If and I know it’s a big if,the price of fert falls back in the New Year there is going to be an awful lot of disgruntled customers and a heap of folk like myself who will be grateful that we haven’t got the room to store it. After all nobody forecast that it was going to reach the peak it has so they could equally be wrong going forward.
If the gas price falls, if the carbon dioxide price falls, if more lorry drivers arrive, markets change, it's a fact of life. You can only make a decision on the best information you have on the day you choose to make it. As my dear old Nan would say, "if if's and and's were pots and pans the world would be full of tinkers"....
 

Gedd

Member
If the gas price falls, if the carbon dioxide price falls, if more lorry drivers arrive, markets change, it's a fact of life. You can only make a decision on the best information you have on the day you choose to make it. As my dear old Nan would say, "if if's and and's were pots and pans the world would be full of tinkers"....
If my aunty had balls she,d be my uncle
 

CHAP Webinar - Innovative tools to overcome the challenges of Regen Ag

  • 369
  • 1
https%3A%2F%2Fcdn.evbuc.com%2Fimages%2F186160299%2F486662465563%2F1%2Foriginal.20211115-160823


Applying principles of regen ag can incur a range of on-farm challenges. Learn how innovative tools & machinery can help with these hurdles.

This event will be held online from 1pm to 2pm on Thursday 2nd December 2021 so please block it out in your diary.

About this event​

Intro
This...
Top