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UK fertiliser prices firmed slightly in the past week but remain roughly half their year-earlier levels. Traders attribute the rise to output cuts by some exporting countries and Red Sea shipping delays, with European nitrogen plants still halted.
Ammonium nitrate offers for March and April are priced below current imports, so prices could ease later in spring.
Tight European nitrogen supply and shipping disruption support near-term urea prices for UK buyers, though the lower spring ammonium nitrate offers could cap the rise.
fwi.co.ukCharlie ReeveJan 25, 2024Not 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.
