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Scotiabank analyst Ben Isaacson said Nutrien, Mosaic, CF Industries and Yara could benefit from China's temporary suspension of fertilizer exports. He expects the impact to fall mainly on urea, DAP, MAP and other finished phosphates, with export declines likely from September.
Potash trade is expected to be largely unaffected because China is a net importer.
Reduced Chinese phosphate and urea exports from September should tighten global supply and support prices for those nutrients, feeding through to higher crop input costs.
news.bloomberglaw.comElizabeth ElkinJul 30, 2021Not enough comparable past events yet for a historical read.
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.
