Loading…
Trade rumours suggest CF Fertilisers will soon launch new-season ammonium nitrate prices, expected to be substantially higher than last season. The article attributes the increase to grain-driven super-cycle demand and sharply higher natural gas costs, with UK gas futures roughly doubling since May 2020.
Natural gas is up to 90% of nitrogen production cost, so higher gas prices lift fertiliser costs and feed-grain input costs for buyers. Higher urea and nitrogen prices may also squeeze grower margins and demand.
uk.cofcointernational.comRosie SweetMay 24, 2021Not 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.
