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The European Commission extended anti-dumping measures on Russian ammonium nitrate for five years, to 2025. Russian product already faces a 6.5% customs duty plus an additional €32.71 per tonne, and the IFA says the measure will cost European farmers up to €3 billion.
Continued duties keep Russian nitrogen out of the EU market, leaving European nitrogen supply less competitive and supporting higher fertilizer costs for EU farmers. The impact on global nitrogen prices is limited.
agriland.ieCharles O'DonnellOct 2, 2020After 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.
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.
