Urea
The New Year kicked off with an Indian Urea tender. MMTC Ltd (Metals and Minerals Trading Company of India) had received of offers for 1.1M tonnes. However, only 700k tonnes appears to have been approved by The Indian Department of Fertilizers possibly for funding reasons rather than any market positioning. Closer to home the UK market is still shaking off the Christmas and New Year celebrations, but it is expected that the European market will get going very soon, it still has big tonnes to buy and usage will come before the UK. Lack of readily available tonnes from Egypt should prevent any further price reductions.
Ammonium Nitrate
At the time of writing the two UK producers have yet to re-publish terms for A.N and N.S for January. Speculation that they would review terms was common pre-Christmas, talk of fresh cargoes of imported material into the north of the UK for late January early February will focus the minds.
New Years Honours
Wilfred Emmanuel-Jones born in Jamaica was given the name ‘The Black Farmer’ by his neighbours, a name he used to set up The Black Farmer food brand has been awarded an MBE for services to British Farming. Peter Barfoot founder of Barfoots set up in Botley, Hampshire in 1976 and now a global vegetable business has been awarded a CBE for services to sustainable agriculture.
Spreader Testing
It’s that time of year again to get your fertiliser spreader booked in for what is essentially it’s MOT test. Fertiliser product information from spreader manufacturers can be patchy and with a wider range of products on the market, product choice changing year on year, more than it’s ever done in the past, this test takes away the guess work and ensures accurate spreading of this valuable input. SCS Spreader and Sprayer Testing Ltd are market leaders in this specialist area, so it’s great news to see that five new engineers have joined for 2020. To enquire or to book a test call Russ Davison on 07825 925485 or e-mail rdavison@cofcointernational.com
SCS will be attending LAMMA 20 at the NEC Birmingham on Tuesday 7th and Wednesday 8th of January as will COFCO Intl Ltd along with Horizon Seeds and Grainseed. Please come and meet us and speak to your Farm Trader, and also be in with a chance to win a Bowman Supermatch One Clay Pigeon Trap, all you need to do is visit us at the stand and have your visitors badge scanned.
Hall 9 Stand 9.106
Economic Data as at close on Friday 3rd January v (27th December 2019) £ = $1.3082 ($ 1.3087) £ = € 1.1719 (€ 1.1709) Crude Oil = $ 68.75 ($ 68.16) Natural Gas = $2.12 ($2.28) Please treat pricing on graphs as a guide, please use quote request form for an up to date price.