Written by cpm from CPM Magazine
Download PDF Soaring nitrogen prices and Clean Air legislation are putting the spotlight on urea. CPM takes a look at how to manage both. Our biggest driver was wanting to be a bit more timely and to improve accuracy. By Mike Abram It’s amazing how a year can change what a ‘sensible’ price for fertiliser feels like. This time last year paying around £300/t for 34.5% ammonium nitrate only felt sensible in hindsight, yet Berkshire grower Dan Willis is already describing his recent purchase of Limus-treated blended urea – which also contains 3% K, 1.5% Mg, 4.5% Ca and 12% S – at £646/t as a sensible price, albeit with a slightly ironic laugh and with his head in his hands. Selling some wheat forward for January 2023 at £340/t helps cover the cost of the purchase. “I can make enough forward sales to start budgeting those types of figures in the gross margin. I’ve got my base fertiliser secured, and if the wheat price does crash, I can choose whether to spread it.” Economically, he says, it makes sense currently, particularly as it doesn’t compromise product quality for value. “Treated urea and Polysulphate are both products I like and…
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Download PDF Soaring nitrogen prices and Clean Air legislation are putting the spotlight on urea. CPM takes a look at how to manage both. Our biggest driver was wanting to be a bit more timely and to improve accuracy. By Mike Abram It’s amazing how a year can change what a ‘sensible’ price for fertiliser feels like. This time last year paying around £300/t for 34.5% ammonium nitrate only felt sensible in hindsight, yet Berkshire grower Dan Willis is already describing his recent purchase of Limus-treated blended urea – which also contains 3% K, 1.5% Mg, 4.5% Ca and 12% S – at £646/t as a sensible price, albeit with a slightly ironic laugh and with his head in his hands. Selling some wheat forward for January 2023 at £340/t helps cover the cost of the purchase. “I can make enough forward sales to start budgeting those types of figures in the gross margin. I’ve got my base fertiliser secured, and if the wheat price does crash, I can choose whether to spread it.” Economically, he says, it makes sense currently, particularly as it doesn’t compromise product quality for value. “Treated urea and Polysulphate are both products I like and…
The post Real Results Pioneers – Sensible nitrogen management appeared first on cpm magazine.
Continue reading on CPM website...
If you are enjoying what you read then why not considering subscribing here: http://www.cpm-magazine.co.uk/subscribe/