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Yara announced a new bulk CPT price of €245/t for October delivery of YaraBela Extran (33.5%) in France, up €7/t from the price set in early July for September. Yara and OCI also raised CAN 27% prices in Germany and the Benelux, with Yara at €180/t CIF bulk.
European nitrate producers are following a rally in urea prices, which have risen over $60/t since late May.
Higher European nitrate and urea prices raise the cost of nitrogen inputs for feed grain and oilseed growers, which can support crop input costs and feed-cost sentiment. The increase is modest and mostly tracks the global urea rally.
profercy.comChris YearsleyAug 27, 2020Not 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.
