AN Fertiliser Prices Not Coming Down Awhile Yet
Responding to a challenge from the NFU as to why ammonium nitrate prices are still so incredibly high, the UK's sole manufacturer GrowHow must have been searching for a plausible answer for weeks ahead of yesterdays AIC conference in Peterborough.
Perhaps they should have sent somebody from a certain shipper to concisely explain it was all due to "the inverse basis at the stem thingy, coupled with the other thing that I can't remember the name of, but I heard the foreign people that set our prices talk about it the last time I was in a meeting with them months ago."
That would have cleared things up, put everyone's mind at rest, sent everyone home happy that everything was being done to bring prices down soon.
But no, instead everyone was assured that the fertiliser market will re-adjust next February or March in response to recent falls in the cost of raw materials. However, the benefits of low prices will not be seen until June.
Indeed, the recent huge falls in the price of ammonia, urea and elemental sulphur, are an "over correction" and a short-term market shift resulting from the credit crunch.
Full report here:
Perhaps they should have sent somebody from a certain shipper to concisely explain it was all due to "the inverse basis at the stem thingy, coupled with the other thing that I can't remember the name of, but I heard the foreign people that set our prices talk about it the last time I was in a meeting with them months ago."
That would have cleared things up, put everyone's mind at rest, sent everyone home happy that everything was being done to bring prices down soon.
But no, instead everyone was assured that the fertiliser market will re-adjust next February or March in response to recent falls in the cost of raw materials. However, the benefits of low prices will not be seen until June.
Indeed, the recent huge falls in the price of ammonia, urea and elemental sulphur, are an "over correction" and a short-term market shift resulting from the credit crunch.
Full report here: