Following the continued trend from last week, Global Urea prices are all still increasing. As Urea prices rise in a lively market, buyers are convinced that prices have bottomed out and these have come back with force. It is unsure whether the market is in recovery mode or just experiencing a bounce after a downturn.
In the UK, the wide spread currently between Urea and Ammonium Nitrate prices is prompting some farmers who have already sold grain in the forward positions, to buy Urea for the 2012 season to lock in input prices.
The Potash market remains bullish as end crop prices climb and inventories dwindle. However, there has been minimal activity this week as many producers are holding off making deals in anticipation of Indian MOP contract settlements, which are expected in the current weeks.
FERTILISER market information contact Calum Findlay, fertiliser trader on 01427 421244 calum.findlay@gleadell.co.uk
Press queries or for further Gleadell contacts, call Ahead PR on 01904 634040 mail@aheadpr.eu
This blog is written by Martin Little The Global Miller, published and supported by the GFMT Magazine and International Milling Directory from Perendale Publishers
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