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KAS nitrogen fertilizer prices in Europe have fallen sharply since February but appear to have bottomed, with about 10 tonnes costing no more than €225 excluding VAT. Distributors expect prices to rise again as drought-driven stocks dwindle, while urea prices have not fallen this spring.
Uncertainty from the US-China trade dispute and the dry season is weighing on sentiment.
A bottoming KAS price combined with tightening stocks suggests limited downside for European nitrogen costs. Urea's firmness keeps the broader nitrogen complex supported.
en.boerenbusiness.nlRedactie BoerenbusinessMay 21, 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.
