Large volume deals ease granular urea prices
Published 15/02/2011 | 05:00
Prices for granular urea eased in the past week as large volume buyers in the north and midlands secured deals at under €375/t.
The latest IFA fertiliser price survey showed that while group buyers in those regions achieved savings of up to €20/t, farmers in Munster and Connacht did not fare so well, with quoted prices from €380-420/t for the same product.
Nonetheless, urea offers the best value available per kilogramme of nitrogen applied as CAN prices continue to rise.
CAN was €303-335/t for big bags delivered on farm and €285-295/t for bulk deliveries.
However, IFA inputs project manager Chris Hayes urged farmers to shop around, saying they could achieve substantial discounts on officially quoted prices.
"Boatloads of CAN are arriving ... offering farmers an opportunity to buy ex-ship at a discount," Mr Hayes said.
In Munster, quotes for bagged CAN were €310-325/t, while in Connacht, prices were quoted at €312-330/t. Those in south Leinster were €310-330/t, while the best prices in north Leinster were €303-330/t and €305-335/t in Ulster.