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Global urea prices have hit new highs, with FOB Black Sea urea at USD 420-435/ton, the highest since 2013. Chinese and Middle East urea trade prices are also at elevated levels, and an Indian tender drew offers as high as USD 505/ton CFR.
Tight urea supply from maintenance outages and Chinese export restraint is pushing nitrogen costs higher, which raises feed-grain production costs and can shift farmer acreage decisions toward corn or away from it.
van.nongnghiepmoitruong.vnNguyen Huan. Translated by Samuel Pham.Jun 28, 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.
