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UK manufactured ammonium nitrate prices were cut by more than £10/t at the start of 2019, with product on farm around £278-£280/t for February delivery. Merchants expect a spring fertiliser logistics squeeze because farmer ordering is running 15-20% behind last year.
A lower UK nitrogen price reflects softer global nitrogen markets, reducing fertilizer costs for European grain and feed producers.
fwi.co.ukSuzie HorneJan 10, 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.
