Loading…
ADM's fertiliser desk reports granular urea trading at $900/t FOB Egypt after the latest Indian tender. China's export restrictions are keeping little urea moving from its ports, pressuring North Africa and the Arab Gulf supply.
UK urea trades below replacement value, and UAN is available for spring delivery.
Limited Chinese export flows and India's tender demand keep global urea prices firmly supported. Buyers are likely to face elevated nitrogen costs into the 2022 season.
farming.co.ukOct 29, 2021After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% 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.
