Fertiliser Market Update (March 2018)

While it may feel some way off as we experience yet another very cold spell, spring is rapidly approaching and fertiliser purchasing activity is likely to increase across grassland regions of the UK.

A cold winter, coupled with the weather currently gripping the UK, will really delay grass growth and therefore applications of N, P and K will be will be more critical than in previous years, to ensure sufficient quantity and quality of grass is available for grazing and cutting.

An earlier than normal spike of prices at the end of summer 2017, combined with the poor weather has kept buying quiet in the grassland sector, with fewer forward purchases being made compared to last year. So, if you are in the market for fertiliser in the coming months I would advise ordering and getting it delivered now. With the weather unpredictable, it will be beneficial to have your fertiliser available on-farm and ready to apply as soon as conditions are suitable.

Market update:

AN

The nitrogen market remains stable, with CF Fertilisers announcing a flat price for Nitram for February, March and April. With limited imported volumes of AN and urea, they continue to hold the price.

Urea

Global urea markets remain firm, thanks to the strengthening of the market at the beginning of the year. This is supporting the AN price, and with domestic markets also remaining stable, I don’t envisage much change in the coming months.

Phosphate & Potash 

Both phosphate and potash markets remain very stable, with no signs of weakening, so prices will remain firm as we head into Spring.

Whether you have purchased your fertiliser for this season yet or not, it’s important to work with your Wynnstay specialist to create a bespoke nutrient program which is tailored to your site, cropping and overall goals. This will help to maximise return on investment.

 

To speak to a specialist about your fertiliser requirements, call 01939 211266.

Or click here to find your local Arable & Forage Specialist.

 

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