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China halted urea export inspections, a move that has pushed global urea prices higher. The Green Markets report is restricted to subscribers, so further details are unavailable.
Halting export inspections signals Chinese urea supply will stay constrained, supporting higher global fertilizer prices.
fertilizerpricing.comhlancey@bloomberg.netJun 14, 2024After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 151 past bullish policy events, DAP moved a median +0.0% over 5 sessions (50% higher; middle half -0.6% to +0.9%), and +1.9% 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.
