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UK ammonium nitrate prices reached £283-287/t for November delivery, up £25-30/t from mid-summer, with urea at £298-315/t. Sales volumes are well behind year-ago levels, with AN at about 62% and urea at 55% of last year's volume.
Weak farm demand alongside firm UK nitrogen prices points to higher input costs for grassland and arable producers, with Brexit and currency risks clouding forward pricing.
fwi.co.ukSuzie HorneOct 24, 2018Not 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.
