# Fertiliser Focus – 1st February 2021 - COFCO

> UK manufactured ammonium nitrate rose another £12 per tonne for February delivery after major producers withdrew and republished terms, taking the increase since Christmas to £46/t. Egyptian granular urea reached a seven-year high of $375 FOB, and phosphate prices rose £25/t since early January as stocks were depleted.

- Date: 2021-02-01 · published 2021-02-01T12:00:00.000Z
- Category: market · region UK · magnitude medium
- Page: https://feedsoft.ai/events/6516-fertiliser-focus-1st-february-2021-cofco
- Commodities: [Urea](https://feedsoft.ai/c/UREA.md), [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

Broad strength across nitrogen and phosphate fertilisers raises farm input costs, and the rally is occurring without Indian tender influence, suggesting further upside if India tenders in February.

## Read by commodity

- DAP: bullish ▲
- TSP: bullish ▲
- UREA: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| UREA | 2021-02-01 | 5 | +20.9% | 4.1 | Egyptian urea at a seven-year high of $375 FOB on 1 Feb marks the end of the move and confirms continued upward momentum. |
| DAP | 2021-02-04 | 5 | +31.8% | 12.3 | Phosphate prices were rising as stocks were depleted, with a strong broader fertiliser market in early February confirming tight supply and momentum. |

## Sources

- uk.cofcointernational.com: https://uk.cofcointernational.com/fertiliser-focus-1st-february-2021/

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