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Fertilizer prices in the Netherlands have not fallen despite steep declines in oil and natural gas prices. Traders are trying to buy competitively ahead of the new fertilizer marketing season, while producers hold firm.
Buyers are also purchasing less in bulk and using more residual flows.
Natural gas is the main input cost for nitrogen fertilizer, so lower energy prices would normally push urea and nitrogen prices down. Sticky European prices suggest limited near-term relief for buyers, though a decline could follow as the new season begins.
en.boerenbusiness.nlNiels van der BoomMay 5, 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.
