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UK ammonium nitrate supply remains tight with about 45% of nitrogen needs ordered in the East, while urea is offered at £730-£760/t for July to December delivery. Phosphate prices remain firm, with DAP above £1,000/t due to Russia-Ukraine supply issues.
Tight AN supplies and firm phosphate prices keep UK fertilizer costs elevated, which supports crop input inflation through the coming season. Urea's competitive position versus AN may draw more demand.
fwi.co.ukSuzie HorneJun 28, 2022Not 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.
