PAC Report - Urea market is a bit of a whirlwind
- By: "Farm Tender" News
- Farm Tender, DelayPay & Farm Inputs
- Jul 07, 2022
- 435 views
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By Ellen Garland
The current Urea market is a bit of a whirlwind…. One minute, the price is coming back, and there is plenty of stock available, and then next, the price is back up, and supply is tight.
Suppliers are anxious that they have oversold current stock and product that is due to arrive on the 12th of July.
Hearing from some suppliers that the indicative price on Urea is $1270 + GST but have no available stock to contract. Everything that is due to arrive is already sold.
IPL is offering small spot loads for July at $1210.00 + GST. Small and large parcels are available from August onwards, we will have this price available on Monday the 12th of July.
We currently have limited tonnage of Urea available now out of Geelong & Adelaide ($1190 + GST), Newcastle & Brisbane ($1170 + GST) and Portland ($1200.00 + GST).
If you are yet to lock your required quantity in, please get in touch on 0418 137 224
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