GrowHow UK, Britains only manufacturer of nitrate fertilisers, has launched its 2013/14 fertiliser market with initial prices some 10 per cent below last season (Nitram 270/t delivered June rising to 273 July) and has announced support for a new finance scheme called GROWPLAN operated by Hitachi Capital.
The early launch of our new season reflects activities across the rest of Europe, says Ken Bowler, GrowHows Marketing Manager. A challenging past season with reduced crop planting and a late spring has put pressure on the market to redress the shift in the supply: demand balance. Our new prices reflect this.
While fertiliser prices are reduced, grain markets remain positive and so the potential return from crop nutrients is particularly attractive. Thus early season purchases offer the chance to lock in margin and mitigate risk.
GrowHow, recognising the cash flow challenges facing many growers, has appointed Hitachi Capital as a finance partner to operate a new scheme called GROWPLAN that will provide financial solutions for farmers looking to take advantage of early season prices.