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Fertiglobe reported Q2 2023 revenue of $552 million and adjusted EBITDA of $218 million, with H1 dividends of at least $250 million planned. The company said nitrogen prices bottomed in Q2 and are rebounding, with Egypt urea up about 60% from June lows on tight supply and record low inventories.
A tight nitrogen supply and rebounding urea prices raise fertilizer costs for grain producers, supporting feed grain prices.
fertiglobe.comFertiglobeAug 2, 2023Not 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.
