Loading…
Nitrogen markets were tightening West of Suez on persistent capacity constraints in Algeria and Egypt, while Asia Pacific remained well supplied after plant restarts. The Tampa ammonia contract for August settled at $487/t cfr, up $70 month-on-month.
Some Gulf cargoes were being routed via the Red Sea and the Cape of Good Hope to Europe and North Africa.
Lost North African output and a higher Tampa settlement push nitrogen fertilizer costs up in the West, which can lift urea prices. Feed buyers face higher input costs for crops and feed grains if the squeeze persists.
profercy.comChris YearsleyAug 1, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
