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European fertiliser prices are easing as farmers and importers step back from the market. Egyptian granular urea FOB has fallen to about €765/t from €855/t in early September, and European gas prices have dropped from their August peak to around €118/kWh.
Weak demand and falling gas costs that feed nitrogen production point to lower European and imported urea prices. Buyers in Ireland and Europe should see some relief on fertiliser costs for the coming season.
farmersjournal.ieAnne FinneganOct 19, 2022Not 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.
