- Location
- Lincolnshire
It was higher back in November... because of physical shortage
Fertiliser Price Tracker
- Thread starter TFF
- Start date
- Location
- Huntingdon
- Location
- Ashbourne, Derbyshire
I’ve bitten the bullet today and bought 38n:19so3 @ £710 
Hindsight
Member
- Location
- Lincolnshire
Aren't all markets just a collection of perceptions at the time, reflecting through into a price on the day. Constantly evolving. Reminds me of Murmuration of Starlings.
- Location
- Darlington
I think this is getting factored in to current prices, what we need to be thinking of, is what if Russia and Ukraine kiss and make up and there is a massive world harvest?
I wish I had a crystal bal
NOLA (New Orleans) Urea values (USD/short ton) taking a big dump lately. +/- $800 FOB in December and now down to $480
There are major differences between the US and UK markets, not just that they don't understand the metric system!
They do have domestic production utilising VERY cheap gas.
Nearer to home, Egypt has followed the trend; $950 FOB in December down to mid-$600's FOB for Feb shipment. Bear in mind that it would take 4-6 weeks from committing to a fresh purchase and seeing it delivered onto farm. That assumes a distributor / merchant has the capacity to do so; many have existing commitments to work through.
What next?
India has very low inventory and they'll likely be back into back-to-back tenders from March onwards.
China may continue its policy to feed themselves first and prevent exports.
Brazil will be hungry for tonnes from April. Depending upon the serious drought conditions in the main growing areas of the south.
Major crop prices will dictate what is affordable.
With regional gas prices at relatively high levels, compared to June last year, it's difficult to see how Nitrate producers could compete on a unit for unit basis.
Not even mentioned Mr Putin...
Hope the info helps.
There are major differences between the US and UK markets, not just that they don't understand the metric system!
They do have domestic production utilising VERY cheap gas.
Nearer to home, Egypt has followed the trend; $950 FOB in December down to mid-$600's FOB for Feb shipment. Bear in mind that it would take 4-6 weeks from committing to a fresh purchase and seeing it delivered onto farm. That assumes a distributor / merchant has the capacity to do so; many have existing commitments to work through.
What next?
India has very low inventory and they'll likely be back into back-to-back tenders from March onwards.
China may continue its policy to feed themselves first and prevent exports.
Brazil will be hungry for tonnes from April. Depending upon the serious drought conditions in the main growing areas of the south.
Major crop prices will dictate what is affordable.
With regional gas prices at relatively high levels, compared to June last year, it's difficult to see how Nitrate producers could compete on a unit for unit basis.
Not even mentioned Mr Putin...
Hope the info helps.
Is there tariffs on imported US urea ?
- Location
- Bedfordshire
Nigh on 200 was available not long ago, why didnt you do some at that?
Commodity code 3102101000: Urea containing more than 45% by weight of nitrogen on the dry anhydrous product - UK Integrated Online Tariff - GOV.UK
Urea containing more than 45 % by weight of nitrogen on the dry anhydrous product
www.trade-tariff.service.gov.uk
6%
Same for Algeria, Russia and a few others which could make sense to come to these post Brexit shores.
Duty free from Egypt.
£200 nowhere near enough with £650 fert
- Location
- East yorks
I would have thought today was a bit of profit taking. US downgraded some winter crop ratings yesterday, Ukraine still a mess and supply still quite tight
- Location
- Bedfordshire
Depends if you bought 650 fert!
Get bigger boats from the US , Egypt is still too expensive at £481 fobCommodity code 3102101000: Urea containing more than 45% by weight of nitrogen on the dry anhydrous product - UK Integrated Online Tariff - GOV.UK
Urea containing more than 45 % by weight of nitrogen on the dry anhydrous product
6%
Same for Algeria, Russia and a few others which could make sense to come to these post Brexit shores.
Duty free from Egypt.
We might all be next year
- Location
- Bedfordshire
Where do you think UK AN will open? I think it will start with a 4
- Location
- Darlington
I would take £200 if i knew I was going to get 4t per acre. My fag packet calculations would have my fert cost at £156/acre (This year £100) Giving a potential £644 to pay other bills and a little bit for me.
For barley?
- Location
- Darlington
Very interesting talk by a CF technical guy with thanks to Grainco for the invite. He seemed fairly certain that prices won't remain at current levels.
- Location
- Darlington
Ha as if I could get 4t of Barley
There you go