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StoneX's fertilizer analyst says global urea supply has been constrained through 2024, with Chinese exports largely absent and European output reduced to about 75% of normal after Russian gas flow stoppages. He argues that prices have so far risen calmly but that global demand is about to take notice as northern hemisphere spring application approaches.
Tight export supply combined with approaching spring demand points to rising urea prices, so buyers should consider forward purchasing before the seasonal rush. The outlook depends on whether Chinese export volumes return.
stonex.comJosh LinvilleDec 23, 2024stonex.comJosh LinvilleDec 23, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not 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.
