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Indian fertilizer sales in the first four months of the Kharif season (April to July 2018) fell 6.3% year on year, but July alone rose about 26.7% from July 2017. Urea sales in July jumped 46.5% year on year to 497 thousand tonnes, though the four-month urea total was down about 9%.
Stronger July urea off-take in India signals firm nitrogen demand during the kharif season, which can support urea prices, though the season-to-date deficit limits the upside.
mettisglobal.newsMG NewsAug 27, 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.
