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Farmers Journal reports global urea prices have fallen about 14% from their November peak, with Middle East granular urea at $804/t. Buyers are holding back until prices stabilize, and US urea markets are volatile with bearish sentiment.
Potash prices remain relatively stable, influenced by sanctions on Belarus.
Falling urea prices lower nitrogen input costs for feed grain producers, though potash support from Belarus sanctions limits the decline for crop nutrient costs overall.
farmersjournal.ieAnne FinneganJan 26, 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.
