Eartha Kitt
Member
$950/t cif if UK importers were to buy a cargo today from Egypt. This equates to circa £730/t bags on farmWhat is the actual price of urea out of interest?
Inconclusive prices being quoted on here at the moment???
$950/t cif if UK importers were to buy a cargo today from Egypt. This equates to circa £730/t bags on farmWhat is the actual price of urea out of interest?
Inconclusive prices being quoted on here at the moment???
Is that Australian dollar ?
If so that would equate to a bargain price over here .
Good morning. Having read your note I wished to respond to outline the position of Woldmarsh.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
Thank you for coming on here and telling it how it is.
So refreshing when organisations get involved like this.
It’s over $1000 a tonne here right now. It’s still being bought.
Brexit ?Urea ( 46 % N ) is over $1000 / tonne here as well. The bigger problem is lack of supply, more so than the price . . .
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
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 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 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 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.
Small price to pay for a peaceful life.All I know is that dear fert and a frosty 14th Feb spreading it is still cheaper than taking Mrs teslacoils out for valentine's.
Not really- she's actually quite economical.
Small price to pay for a peaceful life.
We have reminded our members to consider the insurance cover they have for their fertilizer due to the cost of replacing any stocks now.
Fair load in that green truck. I know I'm sad watching Australian trucks in Scotland.that’s in bulk, in trucks direct from port, not bags.
It’s the most expensive by far it’s ever been here . . .
If my aunty had balls she,d be my uncleIf 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"....
Must be. Effecting all us commonwealths even!Brexit ?
Spreading faster than C19 tisMust be. Effecting all us commonwealths even!
You arses!!
Fact is if we were still in the ECC that would be being blamed or the cAP or something else ,blame ,blame ,blame...Must be. Effecting all us commonwealths even!
You arses!!