Fertiliser Price Tracker

So, India only purchases 630,000mt of urea because of limited spot availability. Chinese producers that would normally feature have decided the prices are too low. This means India will have to return to the market in 3-4 weeks. 200,000mt (of the 630) will come from Egypt, so producers are now comfortable. If Chinese product does not feature in the next Indian tender, then expect prices to increase. Egyptian prices (which is where most of UK product comes from) increased in the last 24 hours. Urea offers in the UK for next season are below where Egypt is trading today. This time last year Egypt was at $280, and its $210 today. Much more downside...doubt it.
 

Badshot

Member
Location
Kent
If you don’t need it till next year wait wait wait
I'm definitely in two minds on this.
One hand oil is cheap.
Countries make not be able to afford to buy after this covid.
Other hand coal fired plants not operating as oil.is cheaper.
China probably buying like crazy while cheap, will sell on when it goes up again.
Me
I'll buy more if it continues to drop.
I'm covered for next year though.
 
If AN then agreed. If it's urea then it is a buy today - unless you like paying more of course. Bottom hunting's a sh!tty business. #Earthakitt

last year orderd in februarry was the cheapest all season
lots of cheap energy and storage issue so urea plants will be busy using the cheap fuel
urea is easier to store and move than oil or gas
if oil goes up so will grains
 
last year orderd in februarry was the cheapest all season
lots of cheap energy and storage issue so urea plants will be busy using the cheap fuel
urea is easier to store and move than oil or gas
if oil goes up so will grains

And the year before I bought last week of March and it was cheaper too.

On what grounds is Urea going to rocket up to £260 ton?
 

e3120

Member
Mixed Farmer
Location
Northumberland
On what grounds is Urea going to rocket up to £260 ton?
The perception that higher grain prices are to come, if other threads are to be believed.

I'm sure @Brisel could produce one of his fancy multi-axis graphs to demonstrate this mystery correlation.

Not much consolation to those sectors that buy both N and grain.
 
Last edited:

crazy_bull

Member
Livestock Farmer
Location
Huntingdon
And the year before I bought last week of March and it was cheaper too.

On what grounds is Urea going to rocket up to £260 ton?

The big unknown is how much Chinese production was lost in the 1st quarter of this year, most people expected very little but rumours of shut down plants due to CV etc were around.

the fact that they were missing from the Indian tender on Wednesday adds fuel to the fire that maybe they have lost a lot of production.( Unusual they would be absent. )

puts more pressure on North African supplies where our quality gear comes from.

no idea where prices go to, but the year you are on about it started at £210ish, rallied up hard
and ended up about £250 if I remember right, not got my notes to hand, but was cheaper in spring than autumn but summer was cheaper than spring ?


this last year is an anomaly with virtually zero autumn trade due to obvious reasons meaning stock piles not moving and needing to be shifted for cash and storage reasons.


C B
 
The big unknown is how much Chinese production was lost in the 1st quarter of this year, most people expected very little but rumours of shut down plants due to CV etc were around.

the fact that they were missing from the Indian tender on Wednesday adds fuel to the fire that maybe they have lost a lot of production.( Unusual they would be absent. )

puts more pressure on North African supplies where our quality gear comes from.

no idea where prices go to, but the year you are on about it started at £210ish, rallied up hard
and ended up about £250 if I remember right, not got my notes to hand, but was cheaper in spring than autumn but summer was cheaper than spring ?


this last year is an anomaly with virtually zero autumn trade due to obvious reasons meaning stock piles not moving and needing to be shifted for cash and storage reasons.


C B

Sorry they year I'm on about was when it started cheap for about 4 days and then rocketed up quickly to over £250 in days and got to £280/90 I think. I think I bought for £228 in March that year but I didn't have to pay for 3 more months.

Anyway I could be wrong (I am plenty of times) but I think if energy is cheap then we should see things filtering through to begin with a 1.

We'll see!
 

SFI - What % were you taking out of production?

  • 0 %

    Votes: 103 40.6%
  • Up to 25%

    Votes: 93 36.6%
  • 25-50%

    Votes: 39 15.4%
  • 50-75%

    Votes: 5 2.0%
  • 75-100%

    Votes: 3 1.2%
  • 100% I’ve had enough of farming!

    Votes: 11 4.3%

May Event: The most profitable farm diversification strategy 2024 - Mobile Data Centres

  • 1,298
  • 23
With just a internet connection and a plug socket you too can join over 70 farms currently earning up to £1.27 ppkw ~ 201% ROI

Register Here: https://www.eventbrite.com/e/the-mo...2024-mobile-data-centres-tickets-871045770347

Tuesday, May 21 · 10am - 2pm GMT+1

Location: Village Hotel Bury, Rochdale Road, Bury, BL9 7BQ

The Farming Forum has teamed up with the award winning hardware manufacturer Easy Compute to bring you an educational talk about how AI and blockchain technology is helping farmers to diversify their land.

Over the past 7 years, Easy Compute have been working with farmers, agricultural businesses, and renewable energy farms all across the UK to help turn leftover space into mini data centres. With...
Top