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Strikes in India and Canada are disrupting processed phosphate and potash markets. Urea trade is subdued ahead of India's August 29 tender, with Brazil purchasing at around USD 355/tonne CFR.
Labor disruptions cut phosphate and potash supply while India's import needs underpin urea demand, supporting fertilizer prices.
czapp.comStein Chingen HauganAug 27, 2024After 49 past bullish logistics events, Urea moved a median -0.3% over 5 sessions (45% higher; middle half -1.3% to +2.2%), and -0.4% over 20.
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.
