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Urea prices rebounded sharply the week of 25 August 2022 as European buyers began shopping for product ahead of the Indian urea tender, with Egyptian prices rising first and other origins following. The Middle East urea price gained $50/t, while phosphates continued to trend down and potash held steady.
Fertilizer costs feed into feed grain production costs and crop acreage decisions, and the rally reflects buying momentum rather than new supply loss. Higher nutrient costs could push margins for downstream grain and feed producers.
farmingportal.co.zaAug 26, 2022farmingportal.co.zaAug 26, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
Directly describes the sharp urea rebound the week of 25 August as European buyers returned ahead of the Indian tender, with Egyptian prices leading and Middle East gaining $50/t.
