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Fertilizer costs for the 2019 season are up more than 20% over year-ago levels, with ammonia and urea prices rising. The increase follows poor harvests that lifted crop prices from South America to Europe and Australia, and weak emerging-market currencies that raise the cost of dollar-priced shipments.
Higher nitrogen input costs raise the cost of grain production and can support corn and feed prices over time, while urea demand from India adds upward pressure on world prices.
vinachem.com.vnSep 19, 2018Not 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.
