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UK nitrogen producers cut ammonium nitrate and nitrogen sulphur prices by £3 to £8 per tonne to move stock before December. Urea prices were broadly unchanged, and commentary highlighted DAP as a useful spring product.
Lower UK nitrogen prices reflect soft seasonal demand and high inventories, which points to ample fertilizer supply for spring planting. The effect on feed grain prices is small.
uk.cofcointernational.comNick MajorDec 9, 2019Not 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.
