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International urea prices rose again in the week of January 19-26, with Egypt FOB reaching up to $395/t, Brazil CFR $370-385/t, and US barge FOB briefly hitting $340/t. Mediterranean and Black Sea markets saw traders lift offers in Italy, Greece, Romania and Bulgaria.
Ammonium sulfate and other fertilizer grades were also reported with mixed moves.
Tightening urea supply east of Suez and expected Indian tenders point to further upward pressure on nitrogen costs for feed-grain producers heading into spring application.
kelewell.deAntonia ZJan 29, 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.
