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UK fertiliser prices are at their lowest level in three years as demand has been slow, though on-farm buying is picking up. Spot quotes included urea at £345/t, ammonium nitrate at £325/t, DAP at £565/t and TSP at £430/t.
CF Industries reported that the global nitrogen market has moved into oversupply.
Global nitrogen oversupply and weak forward demand suggest fertiliser costs will stay low or fall further, which eases input costs for livestock producers.
fwi.co.ukCharlie ReeveMay 7, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
