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Crimson diesel costs rose by a mean of slightly below 1p/litre over the week to Wednesday 23 February, with will increase of as much as 2p/litre relying on area.
The Russia-Ukraine tensions are conserving oil and different vitality markets jittery, with oil pushing US$100 a barrel this week.
The typical worth for a 5,000-litre drop early subsequent week was 76.94p/litre, from a gaggle of standard sources throughout the UK contacted by Farmers Weekly.
See additionally: Woodland creation provide – what farmers have to know
The regional vary various from 73.95p/litre within the North East to 78.82p/litre in East Anglia.
At worth discovery platform Yagro, relationship supervisor Rupert Harlow mentioned quotes various between 74p/litre and 77p/litre for deliveries of 5,000-18,000 litres, with lead instances of three to 4 days.
AN costs regular
UK ammonium nitrate (AN) costs are holding regular at about £650/t onto farm for March, with no costs accessible for supply additional ahead.
Imports are priced from £625-£640/t, whereas the urea market has softened by about £30-£40/t prior to now few weeks as world demand has slowed.
This places provides onto farm at about £685/t for deliveries close to ports and as much as £705/t inland. Nonetheless, provide within the UK is proscribed. The worldwide urea market is unstable and rose by about US$40/t (£29/t) early within the week, whereas fuel costs firmed by 12-15%.
With Russia the world’s largest exporter of AN, liquid urea-ammonium nitrate, urea, NPK and ammonia, merchants warn that any important motion in Ukraine has the potential for enormous market and provide disruption.
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