Loading…
Nigeria's fertilizer exports rose in the first half of 2022, with urea accounting for 32.49% of total exports, and Brazil, the US and India were the top destinations. Europe's ammonia output shrank further as Polish producers cut output due to record gas prices.
Strong import demand from Brazil, the US and India combined with European supply cuts supports global urea prices, raising nutrient costs for grain and feed producers.
businessday.ngFavour AshinzeAug 25, 2022After 729 past bullish trade events, Corn moved a median +0.4% over 5 sessions (56% higher; middle half -1.1% to +1.8%), and +0.5% 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.
