Germany's Phosphate Fertilizer Prices Hold Steady as Urea Eases
Phosphate fertilizer prices in Germany hover around €61.20 per 100 kg for Triple Phosphate with 46% P2O5 content. Meanwhile, gas prices dip, making European fertilizer production cheaper. Urea prices, after a brief surge following an Indian tender, have since eased, with Egyptian ports offering it at 480 USD per tonne.
The demand from agriculture remains subdued, putting downward pressure on nitrogen fertilizer prices. Analysts predict a notable decrease in nitrogen prices due to various factors. Locally, fertilizer prices remain stable. However, the impending import duties on Russian fertilizers threaten to disrupt supply in the coming months. Farmers are currently holding off on purchases due to the harvest and low grain prices.
While phosphate fertilizer prices in Germany remain steady, urea prices have stabilized after a brief uptick. The agricultural sector's weak demand and upcoming import duties on Russian fertilizers could significantly impact the market in the coming months.
