# Fertiliser Focus – 25th January 2021 - COFCO

> Fertiliser manufacturers CF and Yara raised UK ammonium nitrate prices by £18 per tonne in late January 2021, and Yara lifted some NPK grades by a further £10 per tonne. Egyptian granular urea offers rose to about $340 FOB for March, which points to UK urea near £320/t. UK urea stocks are reported to be tight.

- Date: 2021-01-25 · published 2021-01-25T12:00:00.000Z
- Category: market · region UK · magnitude medium
- Page: https://feedsoft.ai/events/4460-fertiliser-focus-25th-january-2021-cofco
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md)

## Why it matters

Higher nitrogen input costs squeeze farm margins and push up the cost of feed-grain production. Tight UK urea stocks and rising offshore prices suggest further price increases until new supply arrives.

## Read by commodity

- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-02-01 | 5 | +20.9% | 4.1 | Rising Egyptian urea offers and tight UK stocks point to supply tightness feeding through to prices. |
| UREA | 2021-01-29 | 1 | +18.5% | 11.5 | Rising Egyptian granular urea offers (~$340 FOB) and tight UK urea stocks reflect supply tightness and firmer European nitrogen pricing that supported the rally. |
| UREA | 2021-01-29 | 5 | +19.9% | 3.7 | Egyptian urea offers near $340 FOB and tight UK stocks, with producers raising nitrogen prices, show that the price increase was spreading across regions. |

## Sources

- uk.cofcointernational.com: https://uk.cofcointernational.com/fertiliser-focus-25th-january-2021/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.