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Global urea prices kept falling, with the Profercy World Nitrogen Index down a seventh straight week to 117.61, a near nine-month low. US Gulf urea fell below $250/t CFR, and Egyptian producers cut prices to sell up to 100,000t.
Weak nitrogen prices lower the cost of fertilizer inputs for feed grain production, but weak demand and ample supply signal continued pressure on urea values.
profercy.comChris YearsleyFeb 22, 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.
