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Urea prices rose after India announced a tender closing December 19 for up to 1.5 million tonnes for January 2025 shipment, with gas problems in Iran cutting output. Brazil, Egypt and NOLA prices climbed, while processed phosphate and ammonia remained weak.
A large Indian tender and reduced Iranian supply tighten urea availability, lifting prices for importers such as Brazil and the US and raising feed-related input costs.
czapp.comStein Chingen HauganDec 16, 2024After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% over 20.
After 40 past bearish trade events, DAP moved a median -0.1% over 5 sessions (38% higher; middle half -3.7% to +0.5%), and -2.4% over 20.
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.
