Farming News - ADM Agriculture Fertiliser Market Report -Granular urea continues to rise on the world market
ADM Agriculture Fertiliser Market Report -Granular urea continues to rise on the world market
ADM Agriculture Fertiliser Market Report
Calum Findlay, ADM Agriculture’s head of fertiliser, comments on the markets
Hemswell, Lincolnshire, 11 November 2021
Granular urea continues to rise on the world market, breaking historical levels as it does so each time.
Urea pricing in the UK continues to chase the higher replacement values, with lower valued stocks now dwindling.
Egypt is rumoured to be looking at restricting export of fertilisers due to concerns of domestic food supply. This is in addition to Chinese restrictions already in place and more recently a Russian cap applied to the export of all fertilisers.
UK ammonium nitrate pricing is expected to return to the market this week. Values will move on once again when desired tonnages are sold.
AHDB has published guidance on the effect of current high fertiliser prices on nitrogen recommendations developed by ADAS. This has made it evident that provided fertiliser purchasing has been spread across the season so far (and cereal and oilseed prices remain high) application rates could remain largely unchanged. Click here to see the full report.