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Urea prices slipped in the week of May 3 to May 10, 2024, with FOB quotes falling to about $280/t from North African suppliers. Middle East and Indonesian prices were also mixed to lower, and traders described soft demand with bearish sentiment.
Soft demand and returning Chinese exports point to continued weakness in urea into June, which pressures fertilizer costs for feed grain growers.
kelewell.deAntonia ZMay 13, 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.
