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Vietnam's fertilizer exports fell 42% in volume in September to 91,756 tons, the lowest since March 2021. Export prices rose 21% month-on-month to $450/t after a new Chinese decision restricting exports.
Chinese export restrictions are lifting regional fertilizer prices and cutting available supply in Southeast Asia, adding cost pressure on feed and grain producers.
vietreader.comOct 17, 2023After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
