CAN prices have moved significantly lower this week as the Irish fertiliser season moves to a close, according to a price survey carried out by the IFA. Competition in the Munster region has seen top-lift CAN break below the €200/t price barrier.
However, distributors and merchants have been slow to pass through the fall in wholesale prices, which has seen wholesale bulk CAN trade on the continent at €145/t.
Cut and pasture sward prices have also moved lower. Many EU farmers in northern Europe are being quoted €175/t, which is at a significant discount to Irish prices.
Overall fertiliser volumes for the season are expected to be down somewhere between 5% and 7% compared with the previous year, where sales for the 12-month period were just shy of 1.4Mt.
Prices for CAN at home are not as low as those available in Europe, with a large variance in prices that farmers are paying throughout the country, as seen by the most recent price survey.
In general, farmers in Connaught and Ulster are most exposed to higher prices from merchants. CAN is trading at €225/t in parts of the west, having dropped from €245/t last week as merchants get through some of the stock that may have been bought earlier in the season.
A lift in demand is expected for fertiliser in the west this week, with a lot of baled silage made in the past few days.
Merchants are also forecasting a lift in demand for 10:10:20 as farmers go about reseeding over the coming weeks.
CAN prices have moved significantly lower this week as the Irish fertiliser season moves to a close, according to a price survey carried out by the IFA. Competition in the Munster region has seen top-lift CAN break below the €200/t price barrier.
However, distributors and merchants have been slow to pass through the fall in wholesale prices, which has seen wholesale bulk CAN trade on the continent at €145/t.
Cut and pasture sward prices have also moved lower. Many EU farmers in northern Europe are being quoted €175/t, which is at a significant discount to Irish prices.
Overall fertiliser volumes for the season are expected to be down somewhere between 5% and 7% compared with the previous year, where sales for the 12-month period were just shy of 1.4Mt.
Prices for CAN at home are not as low as those available in Europe, with a large variance in prices that farmers are paying throughout the country, as seen by the most recent price survey.
In general, farmers in Connaught and Ulster are most exposed to higher prices from merchants. CAN is trading at €225/t in parts of the west, having dropped from €245/t last week as merchants get through some of the stock that may have been bought earlier in the season.
A lift in demand is expected for fertiliser in the west this week, with a lot of baled silage made in the past few days.
Merchants are also forecasting a lift in demand for 10:10:20 as farmers go about reseeding over the coming weeks.
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