Date:22.09.2014Time:10:13
profi Tractors and Farm machinery for farmers and contractors
Source:http://www.profi.com/news/High-fertiliser-prices-could-be-here-to-stay-38794.html

High fertiliser prices could be here to stay

High fertiliser prices could be here to stay

Prices for P & K fertilisers have risen by nearly 800% over the past six years, and that trend is set to continue, according to fertiliser supplier K&S Kali – formerly Potash UK Ltd. Speaking recently at a seminar organised by RECO – UK importer of Sulky fertiliser spreaders – K&S Kali UK's sales manager, Richard Pinner, warned that prices were likely to continue to rise as demand from developing economies grows. "Effectively there is an imbalance between supply and demand," he explained. "China and India are swallowing up as much fertiliser as they can get their hands on but have very little production capacity." But there is a plus side: Current sky-high prices should prompt investment in new mining facilities to boost global production, but it will be a while before the effects of that are felt across the market. "The problem in the UK has been exacerbated by the currency markets. Most P&K fertilisers are imported so British farmers are at the mercy of Sterling," said Mr Pinner. In November 2007 potash prices stood at about 250euros/tonne. A year later they had risen to 615euros/tonne and, with 1.1euros to the pound, that made it approximately three times more expensive than a year previously. "Prices aren't likely to come down any time soon, so farmers need to start looking at using their fertiliser more efficiently with regular soil sampling and variable rate applications."


Print
Previous|News-Overview|Next