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The price of Egyptian urea jumped from $355/mt FOB, according to Green Markets. The rise was reported on May 10, 2021.
A higher Egyptian FOB price signals firmer global nitrogen values, which tends to lift US and other import-parity urea prices and raise feed grain production costs.
fertilizerpricing.comSteve SeayMay 10, 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.
