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Urea prices fell in all major markets, by roughly 5% in most cases, after the latest Indian tender. The tender drew over 2 million tons of offers and was fixed at about $575/t CFR India, below the October level of $650/t.
India accepted 1.4 million tons, well above its 500,000-600,000 ton target.
A large Indian purchase at a lower price pulled Middle East FOB urea down by about $40/t to around $550/t. Weak demand elsewhere means further pressure on urea prices for feed and crop input buyers.
farmingportal.co.za18 nov 2022Tras 81 eventos bajista de comercio pasados, Urea se movió una mediana de -1,0 % en 5 sesiones (28% al alza; mitad central entre -7,2 % y +0,4 %), y -5,5 % 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.
