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South African wholesale urea granular prices fell 1.7% week-on-week to R6,934/t and potash granular fell 2.9% to R7,130/t as of January 11. Indian urea tender offers came in at $316/t West Coast and $329/t East Coast, with about 650,000t confirmed against a 800,000t target.
Traders' buying later in the week pushed some spot prices up.
The Indian tender sets a global price floor for urea, and the modest volume suggests limited oversupply, which could support a rebound. Falling potash prices reduce input costs for South African farmers.
farmingportal.co.za12 ene 2024Tras 23 eventos neutral de comercio pasados, Urea se movió una mediana de 0,0 % en 5 sesiones (48% al alza; mitad central entre -1,1 % y +1,0 %), y +2,8 % en 20.
Todavía no hay suficientes eventos comparables pasados para una lectura histórica.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
