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Global urea prices rose more than 40% over the past year, driven by a drop of more than 90% in Chinese exports, higher energy costs and rising consumption in markets such as India. An Aranca investment research note says prices are expected to stay firm because supply remains constrained and demand is steady.
Tight urea supply from China and firm energy costs keep nitrogen fertilizer expensive, which raises costs for grain and oilseed producers and supports fertilizer-linked margins.
Not 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.