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Yara plans to curtail production equivalent to 3.1 million tonnes of ammonia and 4 million tonnes of finished products, including urea, nitrates and NPK, due to high gas prices. Producers in Poland and Lithuania have also halted output, and urea prices in North Africa rose sharply while potash and DAP prices fell in Brazil and India.
Europe's gas-driven fertilizer output cuts tighten nitrogen supply and support urea prices, while weak potash and DAP demand is pushing those products lower.
ukragroconsult.comAug 31, 2022After 155 past bullish macro events, Natural Gas moved a median +0.1% over 5 sessions (51% higher; middle half -4.0% to +7.1%), and +2.0% over 20.
Not enough comparable past events yet for a historical read.
After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% over 20.
After 45 past macro events, DAP moved a median -0.1% over 5 sessions (31% higher; middle half -1.1% to +1.1%), and -0.6% over 20.
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.
