CF Fertiliser has announced new season prices, and Nitram and N+S is up on the previous two years.
According to Dave Mitchell, Wynnstay fertiliser manager, the latest prices are over 20 percent higher than last year and, for the time being, are continuing to rise.
“The AN and CAN markets were launched in Europe in mid-May at €10 higher than 2017. These terms were seen as attractive, which has encouraged forward purchasing for the next year, with uptake from both trade and farming. This increased demand has consequently pushed up prices a further 8 to10%,” he explains.
“NPK’s remain unchanged, however urea prices have risen 13% on the world markets during the same time period. This is due to increased purchases in Brazil, China’s absence of exports and an anticipated tender from India.
“Unlike last year, prices are changing daily to meet the demand for storage tonnes for next season applications, as tonnes have been restricted and are expected to sell out quickly. There’s already tight availability of stocks at July prices and I’d recommend producers order now to benefit from the most competitive pricing.”
For current prices, contact the Wynnstay fertiliser team on 01939 211266.