Watch fertiliser prices like a hawk, growers told

Growers are being urged to hold their nerve in the worsening economy and watch fertiliser prices like a hawk

Mark Law, managing director of Law Fertilisers, said growers should work closely with trusted suppliers to secure future supplies and best prices.
"There has been a lot of market volatility with massive price inflation in the past year," said Law, based in King's Lynn, Norfolk.
"But this has lessened and growers should be in a strong bargaining position not just on price but quality and supply of their spring fertiliser needs too.
"Some of the larger fertiliser companies are uncomfortable coming out with market predictions but they owe it to their customers to provide this information."
Law added that the recent fall in urea pricing was down to several market factors including changes in gas prices and production capacity.
Law added that phosphate, like urea, was dropping in price and was down by around a third on last year.
Growers could expect a price reduction of 25 to 30 per cent for their spring requirements, with a further reduction later in the year.

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