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Urea prices rose in most regions during the week of January 12 to 19, with Middle East FOB near $350 per tonne and Southern Europe CFR near $380. Brazil granular urea traded at $350-360 CFR and the US barge FOB price briefly reached $330.
Indonesian and Chinese export reductions tightened supply east of Suez, while Red Sea and Panama Canal tensions added pressure.
Reduced exports from Indonesia and China, along with shipping tensions, tighten global urea availability and support higher prices for nitrogen used in feed grain production.
kelewell.deAntonia ZJan 22, 2024After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
Weekly price data show urea rising across regions as Indonesian and Chinese export cuts tightened supply east of Suez, consistent with upward momentum, though it predates the move by several days.
