South African retail urea, MAP and KCl prices were little changed week on week at the end of September, with urea up 0.4%. Trading in the global urea market was thin, with prices in China, North and South America down about $5/t, while a possible new Indian tender could lift prices.
Expectations of a larger Indian urea tender support global nitrogen prices, which feed into fertilizer costs for grain and feed producers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.