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According to MMI, global urea prices fell about 6% over the past month to $290/t, with granular urea at $305/t. The decline was attributed to weak European demand and uncertainty after a major Indian tender, although prices rose in the US, Brazil and parts of Russia's Far East.
Lower global urea prices reduce nitrogen costs for feed-grain growers, though firming in the US and Brazil suggests regional support.
fertilizerdaily.comSep 11, 2024Not 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.
