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UK farmer buying of nitrogen fertiliser remained very slow in February, leaving UK-made ammonium nitrate roughly flat at £227-£230/t for March delivery. Global urea firmed on strong Egyptian sales and large US purchases, though importers are cautious about new cargoes.
Soft domestic demand keeps nitrogen input costs contained for UK livestock and feed buyers, while firmer urea and continental AN prices could lift UK AN somewhat into April depending on weather.
fwi.co.ukSuzie HorneMar 6, 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.
