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Global urea prices kept rising after India booked only 732,000 tonnes in its latest tender. Brazil returned to the market, and traders were rushing supply to India ahead of possible Chinese export controls.
European gas prices hit new highs, and European and US supply remained constrained.
Competition for limited urea supply between Western buyers, Brazil and India, plus possible Chinese export restrictions, keeps upward pressure on prices. Feed producers face higher nitrogen input costs for the coming crop cycle.
profercy.comChris Yearsley8 oct 2021Tras 176 eventos alcista de comercio pasados, Urea se movió una mediana de +0,1 % en 5 sesiones (51% al alza; mitad central entre -1,3 % y +2,4 %), y +1,6 % 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.
