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Irish and Northern Irish merchants have cut nitrogen fertiliser prices as they clear stock left from weak early spring sales. CAN is trading around £315/t, down £10/t from early March, and urea is down £15-20/t to £385-395/t.
Demand for urea is reported as strong, adding pressure on supply chains.
Discounts are boosting farm-level sales, but reported strong urea demand could limit further declines in European nitrogen prices.
farmersjournal.ieKieran MaileyApr 3, 2024Not 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.
