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Urea prices rose across most regions in the week, with Middle East FOB reaching USD 315/tonne on Australian demand and Egypt FOB between USD 315 and 323/tonne. Indian phosphate and potash markets were also discussed, and a rumored June Indian urea tender had not yet been confirmed.
Rising urea offers from major exporters raise nitrogen input costs, and expected Chinese July exports could cap further gains. Traders are watching whether the Indian tender materializes.
czapp.comStein Chingen HauganJun 3, 2024Not 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.
