Loading…
Urea prices fell sharply as the Indian tender failed to lift the market, with buyers absent and unsold cargoes piling up from the Arab Gulf into Brazil. Egypt prices dropped to $305/t FOB and Russian prilled urea to about $290/t FOB, while Chinese players supplied a large share of the Indian tender.
Heavy spare supply and weak buying point to continued downward pressure on nitrogen fertilizer costs, which lowers production costs for feed grain growers over the coming season.
vinachem.com.vnDec 3, 2018Not 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.
