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China has asked some fertilizer producers to suspend urea exports after domestic prices jumped. The move is expected to restrict supplies and raise costs for farmers in key importing countries.
Cutting China's urea exports removes a major source of global nitrogen supply, which tends to push up international urea prices and farm input costs.
bloomberg.comHallie Gu7 sept 2023
feedstuffs.comBloomberg7 sept 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.
China's request that producers suspend urea exports cuts global supply and raises prices, though reported Sept 7, after the move, it reflects the underlying driver already circulating.
China's request that producers suspend urea exports restricts global supply and plausibly drove the jump, though the article is dated two days after the move, so it likely reports a development already known to the market.
