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Australia plans to expand domestic urea production to avert a trucking crisis. Urea prices have surged more than 200% this year, and some countries are rationing AdBlue.
Added domestic output would modestly reduce Australia's reliance on imports, though global urea prices would still be driven by energy costs and supply.
reuters.comDec 19, 2021After 34 past bearish policy events, Urea moved a median -0.8% over 5 sessions (38% higher; middle half -3.3% to +1.8%), and -4.5% 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.
