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UK fertilizer prices rose in early April as spot demand grew with drilling and grassland ordering, and a weaker pound raised import costs. UK-made ammonium nitrate rose about £5/t, and urea was quoted at £255-£263/t, with traders seeing limited further upside.
A weaker sterling and firm spring demand lift UK fertilizer costs, which can raise feed-grain production costs in Britain and Europe.
fwi.co.ukSuzie HorneApr 1, 2020After 92 past bullish macro events, Urea moved a median +0.0% over 5 sessions (50% higher; middle half -2.0% to +3.6%), and +4.8% 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.
