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UK fertiliser prices are under pressure as merchants hold large stocks and sellers seek cash, while waterlogged fields have kept machinery idle and cut demand. Importers had also stocked urea and imported ammonium nitrate ahead of the 31 October Brexit deadline, and a stronger pound has made imported product look expensive.
Heavy trade stocks and weak autumn demand point to softer urea prices in the UK near term, though tight haulage could disrupt delivery. Lower fertiliser costs help feed-grain and livestock margins only modestly.
fwi.co.ukSuzie HorneOct 31, 2019Not 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.
