Drought in Russia: Grain region particularly affected
In Russia, the main region for grain cultivation has been experiencing dry conditions for weeks. This is likely to result in lower yields and poorer quality than previously expected.
Most fertilizer applications are widely spread out, with the demand for potassium ammonium sulfate (KAS), urea, and others noticeably decreasing. Should one consider pre-buying for the next season?
A recent market report by Karsten Hoeck from the Agricultural Chamber of Schleswig-Holstein:
The fertilizer season is coming to an end. Some quantities are still needed for late applications in cereals and grassland areas.
Fertilizer for the new season is not yet a topic of discussion. Both dealers and farmers are waiting for offers from the industry. On one hand, the supply could decrease due to planned sanctions against Russia, while on the other hand, farmers' demand is very restrained due to weak cereal prices.