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New Zealand's fertiliser cooperatives are monitoring rising northern hemisphere energy prices, which have shut two fertiliser plants in northern England. Ballance expects European demand to be met by China, and Ravensdown says energy costs are beginning to affect overseas ammonium-based product prices.
Higher gas costs feeding into ammonia and nitrogen production point to firmer global fertilizer prices, which can lift input costs for farmers in exporting and importing regions alike.
farmersweekly.co.nzGerald PiddockSep 23, 2021After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
