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Australian fertiliser market commentary says prices remain at record levels, with reports that major Chinese producers may temporarily halt exports to protect domestic supply. ICIS analyst Deepika Thapliyal expects a short-lived downward correction, with buyers likely to return once prices ease.
A Chinese export halt would tighten global fertiliser supply and keep nutrient prices elevated, raising costs for grain and oilseed growers and ultimately feed prices.
farmonline.com.auGregor HeardAug 9, 2021After 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.
After 193 past bullish trade events, DAP moved a median +0.4% over 5 sessions (54% higher; middle half -0.3% to +1.8%), and +1.9% 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.
