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Yara International's CFO said global urea capacity additions outside China have peaked, with only 1.5 million tonnes expected in 2024 and 1.1 million in 2025. He described a tightening supply-demand balance in the coming years, with supply rebounding only in 2027.
A historically low pipeline of new capacity suggests urea supply will tighten relative to demand, which supports higher nitrogen prices and feed-grain production costs over the medium term.
producer.comSean PrattMay 9, 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.
