
Irish fertiliser prices are rising, with some local stores already charging more for several fertiliser types. The increase is attributed mainly to a global urea shortage that followed India's tender for 1.5 million tonnes in late 2020.
Higher gas prices, a similar US supply squeeze, and reported DAP shortages are also adding pressure.
Tight urea and DAP supply lifts nitrogen and phosphate input costs for feed-grain producers, which can feed through to grain and feed prices over the coming season. Industry sources expect prices to stay elevated but not far above historical norms.
Na 176 eerdere opwaarts handel-gebeurtenissen bewoog Ureum zich mediaan +0,1% over 5 sessies (51% hoger; middelste helft -1,3% tot +2,4%), en +1,6% over 20.
Na 193 eerdere opwaarts handel-gebeurtenissen bewoog DAP zich mediaan +0,4% over 5 sessies (54% hoger; middelste helft -0,3% tot +1,8%), en +1,9% over 20.
Bewegingen van de benchmark van elke grondstof sinds de laatste slotkoers vóór de gebeurtenis. Historische waarden bundelen eerdere gebeurtenissen van hetzelfde soort; ze beschrijven wat er gebeurde, niet wat zal gebeuren. Geen beleggingsadvies.
Attributes the urea shortage to India's 1.5 Mt tender and higher gas prices, an underlying demand and supply driver.