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New-season UK nitrogen prices opened at about £310-£340/t for May-October delivery, the lowest since 2021. Limited European export availability and falling natural gas futures, which dropped 67% since the start of 2023, are key factors.
Falling gas and nitrogen costs lower production costs for European fertilizer and grain, and reduce pressure on feed grain input prices.
fwi.co.ukCharlie ReeveMay 25, 2023Not 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.
