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Irish fertiliser prices are rising, with some local stores already charging more for several fertiliser types. The increase is attributed mainly to a global urea shortage that followed India's tender for 1.5 million tonnes in late 2020.
Higher gas prices, a similar US supply squeeze, and reported DAP shortages are also adding pressure.
Tight urea and DAP supply lifts nitrogen and phosphate input costs for feed-grain producers, which can feed through to grain and feed prices over the coming season. Industry sources expect prices to stay elevated but not far above historical norms.
agriland.ieSylvester Phelan2 feb 2021Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % en 20.
Tras 193 eventos alcista de comercio pasados, DAP se movió una mediana de +0,4 % en 5 sesiones (54% al alza; mitad central entre -0,3 % y +1,8 %), y +1,9 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Attributes the urea shortage to India's 1.5 Mt tender and higher gas prices, an underlying demand and supply driver.
