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A 26,000t urea cargo from Egypt was unloaded at Immingham, UK, for Gleadell Agriculture. The importer expects UK demand from now into spring 2019 to exceed last year's, driven by larger autumn plantings and a focus on early forage after the 2018 drought.
It says the global urea market is firm, supported by Chinese environmental curbs, Asian buying and higher Brazilian prices.
A firm global urea market and rising UK demand keep import costs high and stocks tight. This supports urea prices for buyers in the UK and other importing regions.
farminguk.comFarmingUK TeamNov 8, 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.
