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Bangladesh's agriculture minister said there would be no fertilizer crisis before the boro season despite two urea plants halting output due to gas shortages. The government plans to import to meet demand, with international urea prices rising from $300-350 to $1,500 per tonne.
Gas shortages cutting domestic urea output force Bangladesh to import at much higher prices, adding pressure on forex reserves and raising global urea demand.
thedailystar.netJul 26, 2022After 129 past bullish policy events, Urea moved a median -0.1% over 5 sessions (47% higher; middle half -1.3% to +2.3%), and +1.4% over 20.
After 13 past bullish policy events, Natural Gas moved a median -1.7% over 5 sessions (46% higher; middle half -2.4% to +4.5%), and +5.3% 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.
