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Australian urea prices fell 34% from November to February before surging after Russia's invasion of Ukraine. The NOLA urea price reached about $1,260/t in local terms, with delivered export urea near $1,600/t, though prices have eased about $70/t recently.
Volatile urea costs squeeze Australian grain and canola margins and may reduce nitrogen use, tightening feed grain supply.
mecardo.com.auAngus BrownApr 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.
