CSBP Market Update - 1 May 2025

This episode explores the current state of the global and Australian fertilizer markets, focusing on nitrogen-based products like urea and UAN. Against the backdrop of fluctuating global demand, particularly from India, the discussion highlights the relatively stable price of urea, hovering around $400 per tonne. More significantly, the analysis pivots to the US market, where domestic urea and UAN prices have experienced sharp increases due to localized supply shortages, independent of global trends. For instance, US urea prices surged by $85 per tonne in just two weeks. In the Australian context, the presenters discuss the implications of these global dynamics on the Western Australian market, noting the approaching deadline for securing UAN imports for the upcoming season and the need for proactive supply chain management to meet anticipated demand. The presenters also mention the proactive measure of bringing in an additional urea shipment early to address potential shortfalls. This highlights the importance of securing timely supply and the potential for price increases if demand outpaces supply.