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Argus reports granular urea prices fell in almost all regions, with US prices at an 18-month low, as demand in Brazil was weaker than expected. Indian MMTC bought about 1.2 million tons of urea in an October 14 tender, and DAP prices fell to a 10-year low in New Orleans.
Lower urea and phosphate prices reduce input costs for farmers but signal oversupply that could weigh on fertilizer-linked margins.
fertilizerdaily.comElena ShalashnikNov 6, 2019Not enough comparable past events yet for a historical read.
Not 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.
