Fertilizer price drops could be levelling off in the UK

Fertilizer prices have declined across the board since the turn of the year, with changes in the supply and demand balance and a fall in gas prices. Josh Joachim, Fertilizer procurement manager at farm buying group AF, states that Urea prices have led the way. These recently dropped from a peak of £710 to £450/ton.

"Ammonium Nitrate prices have followed suit – our April prices are up by £5 to £455/t, but the market is waiting for the new season CF Fertilizer  prices, with farmers hoping they will begin with a three."

Although phosphate and potash production does not rely on gas to be produced, the two nutrients also saw a big increase in prices a year ago, but they have also moderated, Joachim said.

Joachim said that the high prices of the last 18 months have altered farmer behavior, with more farmers using a Fertilizer-use calculator that AF launched, plus testing soil and checking nitrogen content in grains. More growers have also switched to slow-release methylene urea.

Source: fpcfreshtalkdaily.co.uk

Publication date:

Receive the daily newsletter in your email for free | Click here

Other news in this sector:

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.

Click here for a guide on disabling your adblocker.