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The Profercy World Nitrogen Index fell about four points as European producers cut nitrates prices after gas prices stabilized. Urea was stable, with Middle East sales near $950/t fob and North African offers around $1,150/t fob, while buyers awaited an Indian tender.
Lower European nitrates and a pending Indian tender point to softer near-term nitrogen prices, easing input costs for feed grain producers.
profercy.comChris YearsleyApr 1, 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.
