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Vietcap raised its 2023 average Middle East urea price forecast to USD 360/t and its 2024 forecast to USD 370/t. The firm cites China's urea export restrictions, Russia's extension of nitrogen export quotas through end-2024, and possibly lower EU exports as drivers, with urea futures recovering to about USD 380/t in mid-November from a late-June low near USD 260/t.
Expected policy-driven export curbs from China and Russia support nitrogen fertilizer prices into 2024, raising input costs for feed grain and oilseed producers.
vietcap.com.vnVIETCAP17 nov 2023Tras 129 eventos alcista de política pasados, Urea se movió una mediana de -0,1 % en 5 sesiones (47% al alza; mitad central entre -1,3 % y +2,3 %), y +1,4 % en 20.
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.
