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Urea prices made another large jump in the week, with Middle East urea up almost $100 per tonne on European buying and the announcement of the next Indian tender. Potash saw a large reduction, and the stronger rand lifted South African import parity costs of urea about 18%.
Expected Indian tender demand and European gas-driven supply cuts support nitrogen prices heading into Q4 buying, raising input costs for feed grain producers.
farmingportal.co.zaFarming PortalSep 5, 2022Not 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.
