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Urea prices in Vietnam rose 10% in September and 30% since July after China banned some fertilizer exports to control domestic prices. Vietnamese producers raised prices, and farmers buying for winter-spring crops are adding demand.
A Chinese export ban removes a major urea supply source, pushing global nitrogen prices higher and raising feed grain production costs.
e.vnexpress.netThi HaSep 26, 2023After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
