Market more focussed on falling grain prices

摘要

For those observing the Irish agriculture market throughout the month of August, there appears to have been little distraction from the downward pressure on grain prices, with fertilizer activity very much taking a back seat. Following OCI’s price hike for CAN 27% to ?235 cif for September shipment, a number of buy side players have cited the impact low grain prices will have on farmer economics as being unsupportive of such price increases and a similar sentiment resides among urea buyers, with Egyptian product currently costing around $418 cfr.