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Dutch fertilizer prices remain above last year's levels, while international urea prices have fallen since late November 2018. Weak demand from the US and Australia and higher Chinese and Iranian supply have created a surplus.
Brent crude near $67 a barrel is also weighing on nitrogen costs.
Falling world urea prices and softer energy costs point to lower nitrogen input costs ahead, though European retail prices will lag the global decline.
en.boerenbusiness.nlAnne Jan DoornMar 20, 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.
