Loading…
Black Sea urea averaged USD 287.5 per ton in June 2023, down 12.7% from May and 58.3% year on year. The US Gulf DAP spot price fell 10.8% month on month to USD 454.5 per ton, while Morocco rock phosphate held near USD 344.5 per ton.
Sharply lower urea and phosphate prices reduce grain production costs, which can encourage fertilizer application and support future crop output.
fertiliserindia.comFertiliserIndia.comJul 8, 2023Not 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.
