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Russian ammonium nitrate prices rose on strong buying by large agricultural holdings, which reserved January shipments from Baltic ports. Domestic prices in the Central Black Earth Region also increased.
Compound fertilizer demand did not grow, and buyers expect further price declines in world markets.
Firm Russian nitrate prices give slight support to nitrogen prices, but weak compound demand and expected declines limit the upside. The effect on global feed-input costs is small.
fertilizerdaily.comElena ShalashnikDec 3, 2019Not 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.
