Fertiliser Price Tracker

Wheatyflake

Member
BASIS
Location
East Midlands
As I understand it CF were told the tonneage required and the delivery months requested and they accepted that they would put that in as orders and price when they had terms for those months. Effectively it was a trust order in my opinion. They, however, have now said they will only honour the deliveries up to the spot months they had priced for. Not much point in putting a buying pool together if you only get the spot price on the day of order. I do though think communication obviously wasn’t great either.
No company would have taken trust orders for anything from anyone. Unless someone has paperwork to show differently, no contract = no order placed = no one has reneged on anything.
 

Tractor Boy

Member
Location
Suffolk
No company would have taken trust orders for anything from anyone. Unless someone has paperwork to show differently, no contract = no order placed = no one has reneged on anything.
It’s a discussion. A buying group asked its members what their Fert requirements were. They then enter their members into a Fert buying pool. The pool in question was for Sept-Jan deliveries. The entire tonneage and months of delivery was conveyed to CF who said they would agree prices and take the order. The whole point of a pool is you don’t expect to get the lowest price but if the product is bought throughout the period of the pool and you get an average. If CF didn’t want to do that this year they should’ve said so before even looking at the tonneage requested. I agree they never gave spot delivery prices for sept-jan delivery but the discussion of the pool idea had taken place with them and they knew the business was coming their way. Again it does seem to be a problem with communication but to only be told mid October there is no order is a bit bad IMO. You could say no one has reneged on anything but lots of deals in agriculture are verbal to start with.
I’m upset but not bitter as I couldn’t have taken delivery until Oct/Nov anyway until some grain was shifted, so buying spot earlier wasn’t an option unless I’d lied or taken a punt that I could’ve bought early and kept refusing delivery until now.
 

teslacoils

Member
Arable Farmer
Location
Lincolnshire
From what I am hearing, most of the urea has now arrived in the UK, so those that have urea purchased should be absolutely fine. However, most of the urea on these vessels will be committed for existing orders, and I do not believe there are many additional vessels lined up for the UK, but this could change. Interesting times.
This is the impression given to me. I've an order for some nitrogen & sulphur due in January which will come in on a boat. Expect that was chartered some time back. As said earlier, it's not as if it's as simple as just ringing up for 10000t delivered to Immingham.

Also, I'm not sure what the split between prilled and granular urea is around the world. Because as far as I'm concerned, there's decent granular urea, and then many grades below that which in s normal year I'd not want in my spreader.
 
It’s a discussion. A buying group asked its members what their Fert requirements were. They then enter their members into a Fert buying pool. The pool in question was for Sept-Jan deliveries. The entire tonneage and months of delivery was conveyed to CF who said they would agree prices and take the order. The whole point of a pool is you don’t expect to get the lowest price but if the product is bought throughout the period of the pool and you get an average. If CF didn’t want to do that this year they should’ve said so before even looking at the tonneage requested. I agree they never gave spot delivery prices for sept-jan delivery but the discussion of the pool idea had taken place with them and they knew the business was coming their way. Again it does seem to be a problem with communication but to only be told mid October there is no order is a bit bad IMO. You could say no one has reneged on anything but lots of deals in agriculture are verbal to start with.
I’m upset but not bitter as I couldn’t have taken delivery until Oct/Nov anyway until some grain was shifted, so buying spot earlier wasn’t an option unless I’d lied or taken a punt that I could’ve bought early and kept refusing delivery until now.
Would this be the way the buying group has done it in the past with cf and the first time cf has not completed the order?
 

Tractor Boy

Member
Location
Suffolk
Would this be the way the buying group has done it in the past with cf and the first time cf has not completed the order?
I think so. They have only done pool buying for a few years. At first there was only one pool for the whole June-Jan buying period. I think this caused a bit of issue as those taking early delivery didn’t get the full benefit. For at least two years previous to this there have been two periods. The first period is being delivered ok but is only effectively July-Sept delivery. It’s hardly a pool as it was pretty much spot price Jun or July for delivery Aug/Sept!
 

crazy_bull

Member
Livestock Farmer
Location
Huntingdon
Cause we won’t when clowns are buying it for £750 would u drop the price

globally we are about to test the all time high for Ex Egypt for urea, as I’ve been saying since June it doesn’t matter one bit what happens here this market is running. It must be getting to the top soon I hope, but we need to see demand destruction globally for the factories still running to catch up.

I am amazed daily how many are still to buy anything, several large buying groups advised in June to not buy as market was coming down, not sure why they said that, as this has been the clearest year after last that it was gonna go nuts.

granted hindsight is 20:20 but it has been clear for atleast 3 months this market was gonna explode.
C B
 

Badshot

Member
Location
Kent
globally we are about to test the all time high for Ex Egypt for urea, as I’ve been saying since June it doesn’t matter one bit what happens here this market is running. It must be getting to the top soon I hope, but we need to see demand destruction globally for the factories still running to catch up.

I am amazed daily how many are still to buy anything, several large buying groups advised in June to not buy as market was coming down, not sure why they said that, as this has been the clearest year after last that it was gonna go nuts.

granted hindsight is 20:20 but it has been clear for atleast 3 months this market was gonna explode.
C B
There's quite a panic on globally for securing food supply, and for most countries that means securing fertiliser.

This is all on the back of the covid pandemic causing such massive disruption to supply chains for so many things, it has the world spooked , and the last thing they want is a hungry population.

Apologies I realise that farmers will buy it at any cost because they NEED it . Like tractors at 140 k . Social media is the work off the devil and the sooner I can wean myself off it the happier I will be !!
Peace out 🤟
Social media is the root cause of the last two years panic for everything, without the widespread panic waves sent out by twitsnapfacetok, I dare say the pandemic would have been much less disruptive. There has been so much misinformation spread about it's ridiculous.
Take our fuel crisis, caused entirely by social (and regular) media, when there was only supply difficulties for a few stations, had buying habits stayed as normal, albeit with the occasional station without some fuels, the country would have been fine.
 
globally we are about to test the all time high for Ex Egypt for urea, as I’ve been saying since June it doesn’t matter one bit what happens here this market is running. It must be getting to the top soon I hope, but we need to see demand destruction globally for the factories still running to catch up.

I am amazed daily how many are still to buy anything, several large buying groups advised in June to not buy as market was coming down, not sure why they said that, as this has been the clearest year after last that it was gonna go nuts.

granted hindsight is 20:20 but it has been clear for atleast 3 months this market was gonna explode.
C B
I would just like to respond to the comment about buying groups advising not to buy. Since June, we have been clear in our message of adopting a "risk management" strategy when buying fertilizer as global data regarding supply & demand, freight issues and raw material costs have been an undeniable fact, influencing the price of fertilizers. Members ultimately make their decision to buy or not, but I feel it is absolutely my responsibility to deliver an opinion based upon facts supported by experience rather than emotion. Written by Heather Claridge- Fertilizer Manager & Chief Operating Officer.
 

Fendt65

Member
In my humble opinion you always have the early buyers and you always have the late buyers and i along with most other people nestle somewhere in between, I can’t buy mine early because I have no room I always think these things have a habit of evening themselves out .
one thing is for sure I will always seem to do the wrong thing !
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 79 42.9%
  • Up to 25%

    Votes: 63 34.2%
  • 25-50%

    Votes: 30 16.3%
  • 50-75%

    Votes: 3 1.6%
  • 75-100%

    Votes: 3 1.6%
  • 100% I’ve had enough of farming!

    Votes: 6 3.3%

Red Tractor drops launch of green farming scheme amid anger from farmers

  • 1,287
  • 1
As reported in Independent


quote: “Red Tractor has confirmed it is dropping plans to launch its green farming assurance standard in April“

read the TFF thread here: https://thefarmingforum.co.uk/index.php?threads/gfc-was-to-go-ahead-now-not-going-ahead.405234/
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