# Fertiliser Focus – 24th May 2021 - COFCO

> Trade rumours suggest CF Fertilisers will soon launch new-season ammonium nitrate prices, expected to be substantially higher than last season. The article attributes the increase to grain-driven super-cycle demand and sharply higher natural gas costs, with UK gas futures roughly doubling since May 2020.

- Date: 2021-05-24 · published 2021-05-24T12:00:00.000Z
- Category: market · region UK · magnitude medium
- Page: https://feedsoft.ai/events/5693-fertiliser-focus-24th-may-2021-cofco
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Natural gas is up to 90% of nitrogen production cost, so higher gas prices lift fertiliser costs and feed-grain input costs for buyers. Higher urea and nitrogen prices may also squeeze grower margins and demand.

## Read by commodity

- UREA: bullish ▲
- NATGAS: bullish ▲

## Sources

- uk.cofcointernational.com: https://uk.cofcointernational.com/fertiliser-focus-24th-may-2021/

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