Loading…
India's RCF received offers for 3.6 million tonnes in a urea import tender with shipment by November 14. Chinese supply is uncertain due to export inspection issues, pushing India toward Middle East and Russian supply, with Middle East offers quoted at $440-450/t FOB.
Potash was described as little changed week on week.
Uncertain Chinese urea exports and a sizeable Indian tender point to firmer urea prices, raising fertilizer costs for grain and oilseed production.
czapp.comStein Chingen HauganSep 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.
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.
