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Australian urea prices are well above $700/t in most areas, with some farmers budgeting over $800/t for new orders. Australian urea imports were up 59% year on year at the end of April, and strong grain prices are driving demand for nitrogen.
Robust demand from high grain prices and tight domestic stocks support Australian urea prices into the coming months, reinforcing the upward trend in nitrogen fertilizer costs.
farmonline.com.auGregor HeardJul 28, 2021Not 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.
