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Ukraine dropped its investigation into the fertilizer market, which had raised the prospect of import quotas for EU states and individual countries. Lithuanian producers Achema and Lifosa welcomed the decision.
They expect fertilizer exports to Ukraine to recover only after the autumn harvest.
Avoiding import quotas keeps Ukrainian fertilizer demand open to EU suppliers, but limited buying before harvest means little immediate price impact.
delfi.ltRafael AchmedovJun 28, 2020After 199 past policy events, Urea moved a median -0.5% over 5 sessions (43% higher; middle half -2.0% to +1.9%), and -0.5% over 20.
Not enough comparable past events yet for a historical read.
After 250 past policy events, DAP moved a median +0.1% over 5 sessions (53% higher; middle half -0.6% to +1.3%), and +1.5% 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.
