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Profercy's World Nitrogen Index rose strongly as urea values climbed ahead of an expected new Indian tender from MMTC. Granular urea in Egypt gained about $30/t in a fortnight, and US Gulf barge values rose to the low-$240s/st fob Nola.
Anticipated Indian buying, tight Chinese export supply and Egyptian tightness are pushing global urea and US barge prices higher, which raises input costs for feed-grain and forage producers.
profercy.comChris YearsleyNov 20, 2020After 176 past bullish trade events, Urea moved a median +0.1% over 5 sessions (51% higher; middle half -1.3% to +2.4%), and +1.6% 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.
