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Russian fertiliser producer Gurary says demand for its product has jumped as new quarantine policies at ports worldwide stop many vessels from entering. He cited clients in Brazil, the United States and Mexico, where cargoes have arrived but cannot be unloaded, causing shortages.
Port quarantines delaying fertiliser unloading tighten nearby supply and push buyers toward alternative suppliers, supporting fertiliser prices in affected import markets.
reuters.comPolina IvanovaFeb 28, 2020After 64 past logistics events, Urea moved a median -0.3% over 5 sessions (48% higher; middle half -1.0% to +2.3%), and -0.3% over 20.
Not enough comparable past events yet for a historical read.
After 40 past logistics events, DAP moved a median +0.4% over 5 sessions (57% higher; middle half -0.6% to +0.9%), and +1.1% 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.
