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The urea market is described as bearish while it awaits an Indian tender expected for September shipment. DAP prices are supported by demand from India and Pakistan, and potash prices in Brazil fell on affordability concerns.
Indian urea stocks dropped to 8.7 million tonnes at end-July.
Expected Indian import demand may firm urea later, but weak Brazilian potash prices point to softer nutrient costs for South American crops.
czapp.comStein Chingen HauganAug 12, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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.
