We are finally seeing some decent rain in a lot of growing areas with hopefully the top of NSW and Southern/Central QLD to finally see some good rainfall this weekend.
The current conditions will see a run on Urea top dressing which could put pressure on stocks during the growing season with a lot of growers set to chase higher protein levels.
Since the peaks of April, fertiliser prices have steadied or reduced with the Urea prices creeping back to January levels.
Fertiliser price assumptions across all fertiliser commodities are soft due to cheaper energy costs, looming oversupply, and short-term risks resulting from the coronavirus. The outbreak raises risks of lower demand for most fertilisers as a result of food chain disruptions at all levels, from farming to food processing, retail and stock management.
Australia will see some currency risk with the dollar and potential supply issues from sea freight disruptions but we should see some reasonable fertiliser prices for the next 6-12 months.
Speciality horticultural fertiliser products could see prices increase due to supply issues and the exchange rate.
Pacific Fertiliser has good stocks of straight fertiliser products and blends and we would advise those looking to top dress crops with granular Urea to commit their volumes early.
Please contact us for advice and pricing on your operations next fertiliser decision.
