Free up your farm capital with Grain for Fert

Once again, we are offering you the opportunity to swap your grain for fertiliser with our Grain for Fert finance product.

Grain for Fert is a brilliant, all around flexible finance option which allows growers to access seasonal working capital at a low cost, by leveraging against your production of the coming season.

Rates are variable and range from 2.95 per cent to 6.20 per cent and are based on a credit assessment of your application.

You can apply either online through LoadNet or by speaking with your CBH Fertiliser Area Manager or your local Business Relationship Manager (BRM).

The team will then manage the administration of the contract, and arrange drawdown and payment of the invoice once you have collected your fertiliser.

To find out more about our products and finance options, click here or speak to our team today.

Market Update

Phosphates:

• The Indian government will continue with subsidies in their domestic market, supporting growers and demand
• The general global market is still firm as India will step up imports for its summer planting while the US and South East Asia remain interested buyers
• The Chinese domestic market is finally coming to an end which should start to free up exports and pricing from May onwards
• Local WA supply is mostly in warehouse however expect key Phosphate products to run out at some point in May
• Expect local AUD prices to remain elevated for the remainder of 2021 season with a weaker tone from July onwards

Nitrogen:

• India chose to only purchase 800,000 metric tonnes down from initial tender interest of 1.4 million metric tonnes
• This surprised most of the trade that were positioned long cargoes, prices have since fallen USD10-15 million tonnes
• China will provide a large chunk of the Indian demand and have more product ready for India which will need to tender again late April
• Prices look to be supported at lower levels here as general demand from South East Asia and Australia May-June is evident
• Expect local AUD prices to remain elevated through until May with some relief June onwards

Potash:

• Large potash producers Belarus Potash Company (BPC) and Israel Potash Company (ICL) have increased major contract prices to India by USD33 million tonnes
• In relation to this the local prices in Indian have lifted to growers and will likely move higher again in May
• Prices have also moved higher in the US and Brazil as demand is strong following grain prices move higher
• Local Sulphate of Potash producers SO4 and Kalium Lakes are moving ever closer to production for export and likely local consumption
• Expect local AUD prices to remain flat to firm then increasing the second half of 2021