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The international fertilizer market started 2020 slowly, with the Lunar New Year likely to quiet February trading. Ammonia deals in Algeria, Egypt and Tunisia are described, with Algerian export licence delays resolved but no cargoes departed in January.
Export licence delays out of Algeria and quieter Asian demand tighten ammonia supply to buyers while higher freight rates squeeze producer netbacks, supporting nitrogen fertilizer prices.
africabusinesscommunities.comMarketing Report, Bob KoigiJan 27, 2020Not 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.
