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Urea prices rose on supply shortfalls from Egyptian gas outages, lack of Chinese exports, and delayed Indonesian shipments at Bontang. Middle East and Latin American prices have also climbed over recent weeks.
Reduced supply from Egypt, China and Indonesia tightens the global urea market, lifting fertilizer costs for feed grain producers.
czapp.comStein Chingen HauganJun 16, 2024After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% 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.
