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Early offers for new-season UK urea are in the range of £220-£225/t delivered to farm in July or August, with some up to £230/t. Some growers are buying stocks for the 2021 crop ahead of harvest payments.
Merchants expect UK-made new-season ammonium nitrate prices in early to mid-June.
Keen early urea pricing points to softer nitrogen costs for the coming season, and it sets a competitive tone for ammonium nitrate. Feed and grain producers in the UK may see lower input pressure.
fwi.co.ukElmarie BassonMay 14, 2020Not 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.
